New Delhi:
According to the recently released data by the Ministry of Commerce and Industry, due to a positive increase in production of cement, fertilizer, steel, power, coal and refinery products, the joint index of eight core industry (ICI) increased by 2.9 percent in February this year.
Earlier, the final growth rate of eight core industry index for November 2024 was seen 5.8 percent. According to the ministry, the cumulative growth rate of ICI during April to February 2024-25 is 4.4 percent compared to the same period last year.
Coal production increased by 1.7 percent in February 2025 this time compared to February 2024. During April to February, February 2024-25, its cumulative index rose 5.6 percent as compared to the same period last year. In February, steel production increased by 5.6 percent and its cumulative index increased by 6.5 percent in comparison to the same period last year during the same period of last year.
Petroleum refinery production in February 2025 increased by 0.8 percent as compared to February 2024. During April to February, February 2024-25, its cumulative index rose 3.1 percent compared to the same period last year.
Fertilizer production increased by 10.2 percent last month during 2024-25 and its cumulative index during April to February 2024-25 increased by 2.4 percent as compared to the same period last year. The April increased cement production during February by 10.5 percent and its cumulative index increased by 5.1 percent.
Its cumulative index increased by 4.9 percent compared to the same period last year during the same period of the previous year .ICI measures the joint and personal performance of the production of eight major industry.
(This news has not been edited by the NewsDeskReport team. It has been published directly from the syndicate feed.)