Coal Sector Achieves Highest Growth among Eight Core Industries in December 2024

The coal sector has experienced the highest growth rate of 5.3% (provisional), reaching 215.1 points in December 2024, compared to 204.3 points in December 2023. This data comes from the Index of Eight Core Industries (ICI), released by the Ministry of Commerce and Industry. 

From April to December 2024, the coal industry's index climbed to 177.6 points, up from 167.2 points during the same period the previous year, representing a strong growth rate of 6.2%, the highest among all eight core industries. 

The ICI tracks the combined and individual performance of production across eight core industries: cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. Overall, the Combined Index of Eight Core Industries showed a growth of 4.0% in December 2024 compared to the same period in the previous year.

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The index for the period April to December 2024 increased by 4.2% compared to the same period of FY 2023-24, emphasizing the coal sector's substantial contribution to overall industrial expansion.

This remarkable growth is largely attributed to a significant increase in coal production during April-December 2024, which reached an impressive 726.31 million tonnes (MT), up from 684.47 MT during the same period of last year. This surge underscores the sector’s ability to meet the growing demand from the energy and manufacturing industries.

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