| Company | Value | Change | %Change |
|---|
The production growth of coal, refinery products, fertiliser, steel, and electricity moderated to 7.5%, 2.9%, 2%, 4.8% and 3.8%, respectively, against 10.9%, 12.4%, 3.3%, 9.7% and 5.8% in November last year.
In November 2024, production of crude oil and natural gas contracted. However, cement output rose to 13% in the month under review.
Cement production emerged as the top performer with a robust 13% growth in November, a significant jump from 3.1% in October. Electricity generation also posted a notable rise at 3.8% compared to 2% in the previous month. Fertiliser production grew by 2%, up from 0.4% in October.
Also Read: India’s fiscal deficit for April-November at ₹8.47 lakh crore, 52.5% of FY25 target
Coal production maintained stable growth at 7.5%, slightly below October’s 7.8%. Crude oil production continued to contract, albeit at a reduced rate of 2.1%, compared to 4.8% in October.
Natural gas production recorded a decline of 1.9% versus 1.2% previously. Refinery products growth moderated to 2.9% from 5.2% in October, while steel production decelerated to 4.8% from 5.2%.
The eight core sectors contribute 40.27% to the Index of Industrial Production (IIP), which measures overall industrial growth.
Also Read: Indian economy shows resilience, GDP growth projected at 6.6% in FY25: RBI report
(Edited by : Shoma Bhattacharjee)
