Index of Eight Core Industries post robust growth of 18.1 per cent in May this year

Index of Eight Core Industries post robust growth of 18.1 per cent in May this year

• Index of Eight Core Industries (ICI) have posted a robust growth of 18.1 per cent in May this year as against the 16.4 per cent in the corresponding month last year. Commerce and Industry Ministry said, the growth can be attributed to increased production in cement, coal, fertilizers and electricity industries.
• In the reported period of May 2022, the cement industry recorded the highest growth of 26.3 per cent. Coal sector jumped by over 25 per cent. Fertilizer climbed 22.8 per cent and electricity grew by 22 per cent and natural witnessed growth of seven per cent.
• ICI measures combined and individual performance of production in selected eight core industries.

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Published date : 01 Jul 2022 02:43PM