Coal Sector Records Highest Growth among of 11.6 percent among Eight Core Industries in February 2024

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Source: PIB

The driving force behind this remarkable growth can be attributed to a significant surge in coal production during February 2024

April 2024 : The coal sector has exhibited the highest growth of 11.6 percent (provisional) among the eight core industries for the month of February 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by the Ministry of Commerce and Industry. The index of coal industry has reached 212.1 points during February 2024 as compared to 190.1 points during the same period of last year and its cumulative index has increased by 12.1 percent during April to February, 2023-24 over corresponding period of the previous year.

The Combined Index of Eight Core Industries experienced 6.7 percent increase in February 2024, compared to the same period of previous year.

The coal industry has consistently outperformed, demonstrating sustained double-digit growth over the past eight months and substantially higher growth than the overall growth of eight core industries in the last two financial years.

The driving force behind this remarkable growth can be attributed to a significant surge in coal production during February 2024, with output reaching 96.60 million tonnes, marking an increase of 11.83 percent compared to the same period in the previous year.