Eight core industries grow 2.0% in September 2024
On 30 October 2024, the Ministry of Commerce and Industry said the combined Index of Eight Core Industries rose 2.0% (provisional) in September 2024 over September 2023.
Summary
On 30 October 2024, the Office of the Economic Adviser (Ministry of Commerce and Industry) released the Index of Eight Core Industries for September 2024. The combined index rose 2.0% (provisional) over September 2023. Cement, refinery products, coal, fertilizers and steel recorded positive growth, while crude oil fell 3.9% and natural gas fell 1.3%. Cumulative growth for April–September 2024-25 was 4.2% (provisional). The eight core industries make up 40.27% of the weight of items in the Index of Industrial Production (IIP). The final growth rate for June 2024 was 5.0%.
Key facts
- Released
- 30 Oct 2024
- September 2024
- +2.0% (provisional)
- Positive growth
- Cement, refinery products, coal, fertilizers, steel
- Declines
- Crude oil −3.9%; natural gas −1.3%
- Apr–Sep 2024-25
- +4.2% (provisional)
- Weight in IIP
- 40.27%
- June 2024 (final)
- 5.0%
Practice MCQs 4 questions
By how much did the combined Index of Eight Core Industries grow in September 2024 (provisional) over September 2023?
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Correct answer: A — 2.0%
PIB (Commerce), 30 Oct 2024: the combined ICI increased by 2.0 per cent (provisional) in September 2024.
The eight core industries together account for what share of the weight of items in the Index of Industrial Production (IIP)?
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Correct answer: B — 40.27%
PIB (Commerce), 30 Oct 2024: the Eight Core Industries comprise 40.27 per cent of the weight of items included in the IIP.
What was the cumulative (provisional) growth of the Index of Eight Core Industries during April–September 2024-25?
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Correct answer: D — 4.2%
PIB (Commerce), 30 Oct 2024: the cumulative growth rate of ICI during April to September 2024-25 is 4.2 per cent (provisional).
Consider the following about the core industries data for September 2024: 1. Cement, refinery products, coal, fertilizers and steel recorded positive growth. 2. Crude oil production grew over September 2023. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (Commerce), 30 Oct 2024: cement, refinery products, coal, fertilizers and steel grew; crude oil production declined by 3.9% in September 2024.