SME Times is powered by   
Search News
Just in:   • “Specialized Wax Solutions for Evolving Industrial Needs”: Vikin Goyel   • Govt launches 20 critical mineral blocks, unveils ANVESH and EKAM portals  • Sensex touches 80,000 mark on strong FII comeback in festive season  • Driving Better Car Care Through Equipment and Innovation: A Clean Club Machinery  • Govt aims to make Maharashtra a global hub for future mobility, says CM Fadnavis 
Last updated: 28 Jun, 2024  

Industry.9.4.Thmb.jpg Eight core industries post 6.3 per cent growth in May

Industry.9.4.jpg
   Top Stories
» Govt launches 20 critical mineral blocks, unveils ANVESH and EKAM portals
» Sensex touches 80,000 mark on strong FII comeback in festive season
» Rupee opens 29 paise higher, Brent crude falls 1 pc on hopes of Iran war exit
» Sensex, Nifty open up to 2 pc higher after US election outcome, falling crude oil
» India’s manufacturing sector clocks robust growth
IANS | 28 Jun, 2024

The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry on Friday.

Electricity generation clocked a robust 12.8 per cent increase during May over the same month of the previous year.

Coal production also posted a double-digit growth of 10.2 per cent in May while steel production rose by 7.6 per cent during the month.

Natural Gas production also increased by 7.5 per cent in May, 2024 over May, 2023 helping the country to use more of the green fuel in the transport sector and household kitchens.

Petroleum Refinery production increased by 0.5 per cent in May, 2024 over the same month last year.

However, fertiliser production declined 1.7 per cent in May.

The cumulative growth rate of the index of the eight core industries during April to May, 2024-25 rose by 6.5 per cent as compared to the same period last year, the data show.

These core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) and give a pointer to the overall industrial growth rate.

The Commerce and Industry Ministry also said that the final growth rate of the Index of Eight Core Industries for February 2024 has been revised to 7.1 per cent as the numbers have been updated with more data coming in.

--IANS

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹96.5
₹94.8
UK Pound
₹132.25
₹128.15
Euro
₹113.6
₹109.8
Japanese Yen ₹61.3 ₹59.45
As on 03 Sep, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter