The Index of Eight Core Industries (ICI) saw a 1.8% increase in November compared to the previous year, with positive growth in cement, steel, fertilizer, and coal, according to government data. Coal production rose by 2.1% in November 2025 over the same period in 2024. However, the cumulative index declined by 1.4% from April to November 2025-26 compared to the previous year, as per Commerce Ministry data.
Steel production also showed growth, increasing by 6.1% in November 2025 compared to November 2024. The cumulative index for steel rose by 9.7% during April to November 2025-26 over the corresponding period in the previous year. Cement production surged by 14.5% in November, with a cumulative index increase of 8.2% during April to November 2025-26 compared to the previous year.
Fertilizer production witnessed a 5.6% increase in November, with its cumulative index rising by 1.3% from April to November 2025-26 over the same period in the previous year, as per the data. The Eight Core Industries represent 40.27% of the weight of items in the Index of Industrial Production (IIP).
On the contrary, natural gas production declined by 2.5% in November 2025 compared to November 2024. The cumulative index for natural gas decreased by 3.0% from April to November 2025-26 compared to the previous year. India’s industrial production growth rate slowed to 0.4% in October this year, possibly due to fewer working days because of various festivals like Dussehra, Diwali, and Chhath, according to the Ministry of Statistics.
Core Industries Index Rises by 1.8% in November, Led by Cement, Steel, Fertilizer, and Coal Growth
Indian Community Editorial Team
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