Coal sector achieves impressive 10.6% growth in December among 8 core industries

The coal sector has registered the highest growth of 10.6 % (provisional) among the eight core industries for the month of December 2023 as per the index of eight core industries (ICI)) (Base Year 2011-12) released by the Ministry of Commerce & Industries.

The index of coal industry has reached 204.0 points during Dec’23 as compared to 184.4 points during the same period of last year and its cumulative index has increased by 12.5% during April to December, 2023-24 over corresponding period of the previous year.

The latest data indicates that the combined index of eight core industries has shown an increase of 3.8% in December 2023, compared to the same period of previous year. The ICI measures the combined and individual production performance of eight core industries, viz. cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products, and steel.

The coal sector (Weight 10.33% in ICI) has played a crucial role in overall growth of eight core industries representing double digit growth in the last six months and substantially higher growth than the overall growth of eight core industries in the last two financial years.