Data Alert
June eight core industries' growth rises to 3-month high of 1.7%
This story was originally published at 17:57 IST on 21 July 2025
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--India June eight core industries' growth 1.7% vs 1.2% in May
--India Apr-Jun eight core industries' growth 1.3% vs 6.2% year ago
NEW DELHI – Growth in output of India's eight core industries rose to a three-month high of 1.7% in June because of an improvement in the performance of refinery products and the steel sector, data released Monday by the commerce ministry showed.
Core sector growth was 5.0% a year ago and the May print was revised higher to 1.2% from the provisional estimate of 0.7%. On a sequential basis, the index of core industries fell 2.2% in June.
The core sector output grew 1.3% in the first three months of the financial year 2025-26 (Apr-Mar), compared with 6.2% growth in the same period last year.
Steel sector output in June rose 9.3% on year, the biggest rise in seven months. The output of refinery products, which has the highest weight in the eight core industries, grew at a five-month-high pace of 3.4% in June. In May, the steel sector had risen 7.4% and refinery products output had grown 1.1%.
A 9.2% on-year growth in the cement sector output helped the rise in the headline print in June, but the growth was slower than the 9.7% seen in May. Coal sector output fell 6.8% on year in June, the biggest contraction since August.
Production of four other sectors--crude oil, natural gas, fertilisers, and electricity--also fell year-on-year in June, but the extent of the contraction was lower than in the previous month.
The moderate rise in core sector output growth in June could translate to slightly higher growth in the Index of Industrial Production from 1.2% in May. The eight core industries have a combined weight of 40.3% in the IIP. According to Paras Jasrai, associate director at India Ratings and Research, IIP growth is likely to rise to 1.5% in June.
The following tables give the year-on-year changes in the index of the eight infrastructure sectors in June:
| June 2025 | May 2025 | June 2024 | |
| Coal | (-)6.8% | 2.8% | 14.8% |
| Crude oil | (-)1.2% | (-)1.8% | (-)2.6% |
| Natural gas | (-)2.8% | (-)3.6% | 3.3% |
| Refinery products | 3.4% | 1.1% | (-)1.5% |
| Fertilisers | (-)1.2% | (-)5.9% | 2.4% |
| Steel | 9.3% | 7.4% | 6.3% |
| Cement | 9.2% | 9.7% | 1.8% |
| Electricity | (-)2.8% | (-)4.7% | 8.6% |
| Overall | 1.7% | 1.2% | 5.0% |
| Apr-Jun 2025-26 | Apr-Jun 2024-25 | |
| Coal | (-)0.3% | 10.9% |
| Crude oil | (-)2.0% | (-)0.7% |
| Natural gas | (-)2.5% | 6.5% |
| Refinery products | 0.0% | 0.9% |
| Fertilisers | (-)3.8% | 0.1% |
| Steel | 7.0% | 8.3% |
| Cement | 8.4% | 0.5% |
| Electricity | (-)2.0% | 10.9% |
| Overall | 1.3% | 6.2% |
End
Reported by Shubham Rana
Edited by Rajeev Pai
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