India's core sector output increases by 3.1% in October

India's eight core sectors' output increased by 3.1 per cent in October as compared to a growth of 2 per cent in September, government data showed on Friday.

"The production of Coal, Refinery Products, Steel, Cement, Electricity and Fertilizers recorded positive growth in October 2024," said the Ministry of Commerce and Industry.

Coal production rose by 7.8 per cent in October 2024 compared to October 2023, while crude oil production declined by 4.8 per cent over the same period.


Natural Gas production declined by 1.2 per cent in October as against October last year.

Petroleum Refinery production which holds 28.04 per cent weightage in the index increased by 5.2 per cent in October, 2024 over the same month last year. Its cumulative index increased by 2.7 per cent during April to October, 2024-25 over corresponding period of the previous year.

Fertilizer production also grew by 0.4 per cent in October, this year over October, 2023.

Steel production rose by 4.2% in October 2024 compared to October 2023, while cement production increased by 3.3% over the same period.

Electricity generation, accounting for 19.85% of total production, grew by 0.6% in October 2024 compared to October 2023.

The ICI measures the combined and individual performance of production of eight core industries viz. Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).