This report from the Ministry of Commerce and Industry provides provisional data on the Index of Eight Core Industries (ICI) for April 2025. The combined ICI increased by 0.5% compared to April 2024. Positive growth was recorded in the production of Cement, Coal, Steel, Electricity, and Natural Gas. The cumulative growth rate of the ICI for April 2024 to March 2025 is provisionally estimated at 4.5% compared to the same period in the previous year.
Individual industry performance in April 2025 compared to April 2024 was as follows: Coal production increased by 3.5%; Crude Oil production decreased by 2.8%; Natural Gas production increased by 0.4%; Petroleum Refinery Products production decreased by 4.5%; Fertilizer production decreased by 4.2%; Steel production increased by 3.0%; Cement production increased by 6.7%; and Electricity generation increased by 1.0%.
The final growth rate for January 2025 was observed at 5.1%. The next release, covering May 2025, is scheduled for June 20, 2025.
Key Entities Referenced
Ministry of Commerce Industry: The government ministry responsible for the publication.
INDEX OF EIGHT CORE INDUSTRIES: The primary subject of the document, an index tracking eight core industries.
ICI: Abbreviation for 'Index of Eight Core Industries'
2011-12: Base year for the Index of Eight Core Industries (ICI)
April, 2025: The month for which the Index of Eight Core Industries is being reported.
20 MAY 2025: The date the report was posted.
PIB Delhi: Press Information Bureau, Delhi - the source of the posted information.
Cement: One of the eight core industries tracked by the index.
Coal: One of the eight core industries tracked by the index.
Steel: One of the eight core industries tracked by the index.
Electricity: One of the eight core industries tracked by the index.
Natural Gas: One of the eight core industries tracked by the index.
Crude Oil: One of the eight core industries tracked by the index.
Refinery Products: One of the eight core industries tracked by the index.
Fertilizers: One of the eight core industries tracked by the index.
Annex I: Reference to an attached document containing annual indices and growth rates.
Annex II: Reference to an attached document containing monthly indices and growth rates.
Index of Industrial Production: A broader index that includes the eight core industries, referred to as IIP.
IIP: Abbreviation for 'Index of Industrial Production'
April to March, 2024-25: The financial year period.
February, 2025: Month for which data is provisional.
March, 2025: Month for which data is provisional.
Renewable sources: Sources included in Electricity generation data since April 2014.
March 2019: Date from which a new steel product has been included.
Hot Rolled Pickled and Oiled HRPO: A new steel product under the item Cold Rolled CR coils within the production of finished steel.
Cold Rolled CR coils: Item which includes Hot Rolled Pickled and Oiled HRPO.
May, 2025: Month for which release of index will be on Friday, 20 June, 2025.
Friday, 20 June, 2025: The date on which the index for May, 2025 will be released.
Ministry of Commerce & Industry
INDEX OF EIGHT CORE INDUSTRIES (BASE:
2011-12=100) FOR APRIL, 2025
Posted On: 20 MAY 2025 5:00PM by PIB Delhi
The combined Index of Eight Core Industries (ICI) increased by 0.5 per cent (provisional) in April, 2025
as compared to the Index in April, 2024. The production of Cement, Coal, Steel, Electricity and Natural
Gas recorded positive growth in April, 2025. The details of annual indices, monthly indices and growth
rates are provided at Annex I and Annex II.
The ICI measures the combined and individual performance of production of eight core industries viz.
Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight
Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial
Production (IIP).
The final growth rate of Index of Eight Core Industries for January 2025 was observed at 5.1 per cent.
The cumulative growth rate of ICI during April to March, 2024-25 is 4.5 per cent (provisional) as
compared to the corresponding period of last year.
The summary of the Index of Eight Core Industries is given below:
Coal - Coal production (weight: 10.33 per cent) increased by 3.5 per cent in April, 2025 over April, 2024.
Its cumulative index increased by 5.1 per cent during April to March, 2024-25 over corresponding period
of the previous year.
Crude Oil - Crude Oil production (weight: 8.98 per cent) declined by 2.8 per cent in April, 2025 over
April, 2024. Its cumulative index declined by 2.2 per cent during April to March, 2024-25 over
corresponding period of the previous year.
Natural Gas - Natural Gas production (weight: 6.88 per cent) increased by 0.4 per cent in April, 2025
over April, 2024. Its cumulative index declined by 1.2 per cent during April to March, 2024-25 over
corresponding period of the previous year.
Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) declined by 4.5
per cent in April, 2025 over April, 2024. Its cumulative index increased by 2.8 per cent during April to
March, 2024-25 over corresponding period of the previous year.
Fertilizers - Fertilizer production (weight: 2.63 per cent) declined by 4.2 per cent in April, 2025 over
April, 2024. Its cumulative index increased by 2.9 per cent during April to March, 2024-25 over
corresponding period of the previous year.
Steel - Steel production (weight: 17.92 per cent) increased by 3.0 per cent in April, 2025 over April,
2024. Its cumulative index increased by 6.9 per cent during April to March, 2024-25 over corresponding
period of the previous year.
Cement - Cement production (weight: 5.37 per cent) increased by 6.7 per cent in April, 2025 over April,
2024. Its cumulative index increased by 6.3 per cent during April to March, 2024-25 over corresponding
period of the previous year.
Electricity - Electricity generation (weight: 19.85 per cent) increased by 1.0 per cent in April, 2025 over
April, 2024. Its cumulative index increased by 5.2 per cent during April to March, 2024-25 over
corresponding period of the previous year.
Note 1: Data for February, 2025, March, 2025 and April, 2025 are provisional. Index numbers of CoreIndustries are revised/finalized as per updated data from source agencies.
Note 2: Since April 2014, Electricity generation data from Renewable sources are also included.
Note 3: The industry-wise weights indicated above are individual industry weights derived from IIP and
blown up on pro rata basis to a combined weight of ICI equal to 100.
Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the
item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.
th
Note 5: Release of the index for May, 2025 will be on Friday, 20 June, 2025.
Annex I
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2011-12=100
Index
Crude Natural Refinery Fertilizer Overall
Sector Coal Steel Cement Electricity
Oil Gas Products s Index
Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00
2012-13 103.2 99.4 85.6 107.2 96.7 107.9 107.5 104.0 103.8
2013-14 104.2 99.2 74.5 108.6 98.1 115.8 111.5 110.3 106.5
2014-15 112.6 98.4 70.5 108.8 99.4 121.7 118.1 126.6 111.7
2015-16 118.0 97.0 67.2 114.1 106.4 120.2 123.5 133.8 115.1
2016-17 121.8 94.5 66.5 119.7 106.6 133.1 122.0 141.6 120.5
2017-18 124.9 93.7 68.4 125.2 106.6 140.5 129.7 149.2 125.7
2018-19 134.1 89.8 69.0 129.1 107.0 147.7 147.0 156.9 131.2
2019-20 133.6 84.5 65.1 129.4 109.8 152.6 145.7 158.4 131.6
2020-21 131.1 80.1 59.8 114.9 111.6 139.4 130.0 157.6 123.2
2021-22 142.3 77.9 71.3 125.1 112.4 163.0 156.9 170.1 136.1
2022-23 163.5 76.6 72.4 131.2 125.1 178.1 170.6 185.2 146.7
2023-24 182.7 77.1 76.8 135.9 129.8 200.4 185.7 198.3 157.8
2024-25* 192.0 75.4 75.9 139.7 133.5 214.2 197.4 208.6 164.9
*Provisional
Growth Rates (on Y-o-Y basis in per cent)
Crude Natural Refinery Fertilizer Electricit Overall
Sector Coal Steel Cement
Oil Gas Products s y Growth
Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00
2012-13 3.2 -0.6 -14.4 7.2 -3.3 7.9 7.5 4.0 3.8
2013-14 1.0 -0.2 -12.9 1.4 1.5 7.3 3.7 6.1 2.6
2014-15 8.0 -0.9 -5.3 0.2 1.3 5.1 5.9 14.8 4.9
2015-16 4.8 -1.4 -4.7 4.9 7.0 -1.3 4.6 5.7 3.0
2016-17 3.2 -2.5 -1.0 4.9 0.2 10.7 -1.2 5.8 4.82017-18 2.6 -0.9 2.9 4.6 0.03 5.6 6.3 5.3 4.3
2018-19 7.4 -4.1 0.8 3.1 0.3 5.1 13.3 5.2 4.4
2019-20 -0.4 -5.9 -5.6 0.2 2.7 3.4 -0.9 0.9 0.4
2020-21 -1.9 -5.2 -8.2 -11.2 1.7 -8.7 -10.8 -0.5 -6.4
2021-22 8.5 -2.6 19.2 8.9 0.7 16.9 20.8 8.0 10.4
2022-23 14.8 -1.7 1.6 4.8 11.3 9.3 8.7 8.9 7.8
2023-24 11.8 0.6 6.1 3.6 3.7 12.5 8.9 7.1 7.6
2024-25* 5.1 -2.2 -1.2 2.8 2.9 6.9 6.3 5.2 4.5
*Provisional.
Y-o-Y is calculated over the corresponding financial year of previous year
Annex II
Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2011-12=100
Index
Natural Refinery Overall
Sector Coal Crude Oil Fertilizers Steel Cement Electricity
Gas Products Index
Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00
Apr-24 173.3 76.3 74.8 137.9 117.8 210.0 192.3 212.0 161.7
May-24 184.7 77.9 78.7 141.8 135.9 209.7 190.6 229.3 168.2
Jun-24 186.4 74.4 75.8 134.1 134.0 204.0 198.5 222.8 163.7
Jul-24 163.0 76.6 78.0 143.3 138.8 205.1 174.6 220.2 162.8
Aug-24 138.2 75.7 77.4 134.0 137.5 206.6 177.4 212.3 156.3
Sep-24 151.8 72.0 75.8 134.1 134.8 202.0 178.8 206.9 155.4
Oct-24 186.0 74.6 79.3 135.5 136.9 212.9 187.2 207.8 162.4
Nov-24 199.6 73.9 75.7 138.4 136.2 212.9 177.0 184.1 159.1
Dec-24 215.1 77.9 78.1 149.1 139.8 221.8 211.7 192.8 169.4
Jan-25 229.8 77.9 78.1 147.2 139.0 228.1 219.7 201.7 173.8
Feb-25* 215.6 69.7 70.0 133.5 124.9 216.8 215.2 194.0 163.0
Mar-25* 260.2 77.4 69.2 147.3 126.9 240.2 246.2 219.5 183.1
Apr-25* 179.3 74.2 75.1 131.7 112.9 216.2 205.1 214.2 162.5
*Provisional
Growth Rates (on Y-o-Y basis in per cent)
Natural Refinery Overall
Sector Coal Crude Oil Fertilizers Steel Cement Electricity
Gas Products Growth
Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00
Apr-24 7.5 1.7 8.6 3.9 -0.8 9.8 0.2 10.2 6.9
May-24 10.2 -1.1 7.5 0.5 -1.7 8.9 -0.6 13.7 6.9Jun-24 14.8 -2.6 3.3 -1.5 2.4 6.3 1.8 8.6 5.0
Jul-24 6.8 -2.9 -1.3 6.6 5.3 7.0 5.1 7.9 6.3
Aug-24 -8.1 -3.4 -3.6 -1.0 3.2 4.1 -2.5 -3.7 -1.5
Sep-24 2.6 -3.9 -1.3 5.8 1.9 1.8 7.6 0.5 2.4
Oct-24 7.8 -4.8 -1.2 5.2 0.4 5.7 3.1 2.0 3.8
Nov-24 7.5 -2.1 -1.9 2.9 2.0 10.5 13.1 4.4 5.8
Dec-24 5.3 0.6 -1.8 2.8 1.7 7.3 10.3 6.2 5.1
Jan-25 4.6 -1.1 -1.5 8.3 3.0 4.7 14.3 2.3 5.1
Feb-25* 1.7 -5.2 -6.0 0.8 10.2 6.9 10.8 3.6 3.4
Mar-25* 1.6 -1.9 -12.7 0.2 8.8 9.3 12.2 7.5 4.6
Apr-25* 3.5 -2.8 0.4 -4.5 -4.2 3.0 6.7 1.0 0.5
*Provisional.
Y-o-Y is calculated over the corresponding financial year of previous year
***
Abhishek Dayal/Abhijith Narayanan
(Release ID: 2129910)