India’s Coal sector records highest growth among eight key industries during February 2024
According to the Index of Eight Core Industries (ICI) (base year 2011-12) released by the Ministry of Commerce and Industry, the coal sector recorded the highest growth of 11.6 percent (provisional) among the eight core industries during February 2024. The index of coal industry has increased to 212.1 points during February'24 as compared to 190.1 points during the corresponding period last year and its cumulative index has increased to 212.1 points during April to February, 2023-24 as compared to the corresponding period of last year. Has increased by 12.1 percent.
ICI measures the combined and individual production performance of eight key industries – cement, coal, crude oil, power, fertilizers, natural gas, refinery products and steel.
The combined index of eight core industries registered a growth of 6.7 percent in February 2024 compared to the same period last year. The coal industry has been experiencing continuous double digit growth in the last eight months. It has consistently outperformed the overall growth of eight core industries over the last two financial years.
As a result of this significant increase, coal production during February 2024 has increased to 96.60 million tonnes, which shows an increase of 11.83 percent as compared to the same period last year.
