Data Alert
Aug eight core industries' growth rises to 15-month high of 6.3%
This story was originally published at 17:46 IST on 22 September 2025
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--India Aug eight core industries' growth 6.3%
--India Aug eight core industries' growth 6.3% vs 3.7% in Jul
--India Apr-Aug eight core industries' growth 2.8% vs 4.6% year ago
--India Aug eight core industries' growth of 6.3% highest since May 2024
NEW DELHI – Growth in output of India's eight core industries rose to a 15-month high of 6.3% in August because of a sharp rise in the output of coal, steel, and cement, data released Monday by the commerce ministry showed.
This is the highest rate of growth of the output of eight core industries since May 2024, when it rose 6.9%, though the July 2024 print was the same at 6.3%. Core sector growth was (-)1.5% a year ago and the July print was revised higher to 3.7% from the provisional estimate of 2.0%.
The headline print in August was also supported by the statistical effect of a low base. The index of core industries had declined 4.0% on month in August 2024.
Even as output rose compared with a year-ago period in August, the index fell 1.7% from July. In the first five months of the current financial year, core sector output grew 2.8%, much lower than 4.6% in the same period a year ago.
Production of five of the eight core industries rose on year in August. The output of coal grew 11.4% on year in August, the quickest in 14 months. Coal sector output had contracted 12.3% on year in July and 8.1% in August last year.
Steel sector output grew 14.2% on year in August, slower than 16.6% a month ago but much quicker than the 4.1% growth seen in August 2024. Cement sector output rose 6.1% last month compared with 11.6% in July. Cement sector production had declined 2.5% on year in August 2024.
The rise in growth in core sector output could push IIP growth higher for August from 3.5% in July. The eight core industries have a combined weight of 40.3% in the IIP. ICRA projects IIP growth to rise to 4.5-5.5% in August.
The following tables give the year-on-year changes in the index of the eight infrastructure sectors in August:
| August 2025 |
July 2025 |
August 2024 |
|
| Coal | 11.4% | (-)12.3% | (-)8.1% |
| Crude oil | (-)1.2% | (-)1.3% | (-)3.4% |
| Natural gas | (-)2.2% | (-)3.2% | (-)3.6% |
| Refinery products | 3.0% | (-)1.1% | (-)1.0% |
| Fertilisers | 4.6% | 2.0% | 3.2% |
| Steel | 14.2% | 16.6% | 4.1% |
| Cement | 6.1% | 11.6% | (-)2.5% |
| Electricity | 3.1% | 3.7% | (-)3.7% |
| Overall | 6.3% | 3.7% | (-)1.5% |
| Apr-Aug 2025-26 |
Apr-Aug 2024-25 |
|
| Coal | (-)0.7% | 6.5% |
| Crude oil | (-)1.7% | (-)1.7% |
| Natural gas | (-)2.5% | 2.5% |
| Refinery products | 0.4% | 1.6% |
| Fertilisers | (-)0.8% | 1.7% |
| Steel | 10.4% | 7.3% |
| Cement | 8.4% | 0.7% |
| Electricity | 0.5% | 7.1% |
| Overall | 2.8% | 4.6% |
End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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