As per the Index of Eight Core Industries (ICI) (base year 2011-12) released by Ministry of Commerce and Industry, coal sector has recorded highest growth of 14.8% (provisional) among eight core industries for the month of June 2024. The index of coal industry has reached 186.4 points during June 2024 as compared to 162.4 points during corresponding period of last year and its cumulative index has increased by 10.8% during April to June, 2024-25 as compared to corresponding period of last year.
The ICI measures the combined and individual production performance of eight major industries, namely, cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel.
The combined index of eight core industries grew by a significant 4.0% in June 2024 over the same period of the previous year, underlining the substantial contribution of the coal sector to the overall industrial expansion. The coal industry has consistently outperformed its peers over the last two years, posting a growth significantly higher than the overall growth of the eight core industries.
The driving force behind this significant jump can be said to be the significant increase in coal production during June 2024, with production reaching 84.71 million tonnes (provisional), marking a significant growth of 14.6% over the same period last year. This increase in production shows the sector's ability to meet the growing demand of the energy and manufacturing industries.
The phenomenal growth of the coal sector is testimony to the persistent efforts and proactive initiatives of the Ministry of Coal, which have played a vital role in promoting the overall growth of eight core industries. These efforts are in line with the vision of “Atmanirbhar Bharat” and contribute to the nation’s progress towards self-reliance and energy security.