Output of eight core industries rises 4.3% in November 2024

01 Jan 2025 Evaluate

The Ministry of Commerce & Industry in its latest data has showed that the output of eight core industries rose 4.3 per cent year-on-year in November 2024 primarily due to an uptick in production of coal, cement and steel. In November 2023, the core sector had grown by 7.9 per cent on year, and in October by 3.7 per cent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

Steel production having 17.92 per cent weight increased by 4.8 per cent in November, 2024 over November, 2023, and its cumulative index increased by 5.9 per cent during April to November, 2024-25 over corresponding period of the previous year. Fertilizer production having 2.63 per cent weight increased by 2.0 per cent in November, 2024 over November, 2023, and its cumulative index increased by 1.6 per cent during April to November, 2024-25 over corresponding period of the previous year. Cement production having 5.37 per cent weight increased by 13.0 per cent in November, 2024 over November, 2023, and its cumulative index increased by 3.1 per cent during April to November, 2024-25 over corresponding period of the previous year.

Petroleum Refinery production having 28.04 per cent weight increased by 2.9 per cent in November, 2024 over November, 2023, and its cumulative index increased by 2.7 per cent during April to November, 2024-25 over corresponding period of the previous year. Coal production having 10.33 per cent weight increased by 7.5 per cent in November, 2024 over November, 2023, and its cumulative index increased by 6.4 per cent during April to November, 2024-25 over corresponding period of the previous year. Electricity generation having 19.85 per cent weight increased by 3.8 per cent in November, 2024 over November, 2023, and its cumulative index increased by 5.3 per cent during April to November, 2024-25 over corresponding period of the previous year.

However, Natural Gas production having 6.88 per cent weight declined by 1.9 per cent in November, 2024 over November, 2023, while its cumulative index increased by 1.1 per cent during April to November, 2024-25 over corresponding period of the previous year. Crude Oil production having 8.98 per cent weight declined by 2.1 per cent in November, 2024 over November, 2023 and its cumulative index fell by 2.4 per cent during April to November, 2024-25 over corresponding period of the previous year.

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