दिसंबर 2024 के लिए आठ प्रमुख उद्योगों का सूचकांक (ICI)
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Index of Eight Core Industries (ICI) for December 2024

Context:

The combined Index of Eight Core Industries (ICI) (BASE: 2011-12=100) increased by 4.0 per cent (provisional) in December 2024 as compared to the Index in December 2023. 

More on the News

  • The final growth rate of the Index of Eight Core Industries for September 2024 increased by 2.4 per cent.
  • The cumulative growth rate of ICI from April to December 2024-25 is 4.2 per cent (provisional) as compared to the corresponding period of last year.

Industry-wise Highlights of ICI:

  1. Coal production (weightage: – 10.33%) increased by 5.3 per cent in December 2024 over December 2023.
  2. Crude Oil production (8.98%) increased by 0.6 per cent in December 2024 over December 2023.
  3. Natural Gas production (6.88%) declined by 1.8 per cent in December 2024 over December 2023.
  4. Petroleum Refinery production (28.04%) increased by 2.8 per cent in December 2024 over December 2023.
  5. Fertilizer production (2.63%) increased by 1.7 per cent in December 2024 over December 2023.
  6. Steel production (17.92%) increased by 5.1 per cent in December 2024 over December 2023.
  7. Cement production (5.37%) increased by 4.0 per cent in December 2024 over December 2023.
  8. Electricity generation (19.85%) increased by 5.1 per cent in December 2024 over December 2023.

About ICI

  • The ICI measures the combined and individual performance of the production of eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity.
  • Eight Core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
  • ICI is released by the Office of the Economic Adviser (OEA), Department for Promotion of Industry and Internal Trade (DPIIT), and Ministry of Commerce & Industry on a monthly basis.

Index of Industrial Production (IIP)

  • The Central Statistical Organisation (CSO) is responsible for the compilation and publication of the Index of Industrial Production (IIP) since 1950.
  • The IIP is compiled as a simple weighted arithmetic mean of production relatives by using Laspeyre’s formula.
  • The base year is always given a value of 100. The current base year for the IIP series in India is 2011-12.
  • So, if the current IIP reads as 116 it means that there has been 16% growth compared to the base year.
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