Coal Sector Achieves Highest Growth of 10.2 % among Eight Core Industries in January 2024

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Fueling Growth: Coal Sector Powers Industrial Expansion

Team FS

11/Mar/2024

Key Points:

In January 2024, the coal sector saw a remarkable growth of 10.2% among India's eight core industries, according to the Ministry of Commerce & Industries' Index of Eight Core Industries (ICI).
The coal industry's index surged to 218.9 points from 198.6 points in the corresponding period of the previous year, contributing significantly to the cumulative 12.2% increase observed from April to January 2023-24 compared to the preceding fiscal year.
The Combined Index of Eight Core Industries reflected a notable 3.6% uptick in January 2024, highlighting the crucial role played by the coal sector in driving overall industrial expansion.
The exceptional growth is attributed to a substantial increase in coal production during January 2024, reaching 99.73 million tonnes, marking a 10.20% surge from the same period in the previous year.
The coal sector's consistent double-digit growth aligns with the Ministry of Coal's proactive initiatives and reinforces the national vision of "Atmanirbhar Bharat," contributing to India's journey towards self-sufficiency and energy security.

In the ever-evolving landscape of India's industrial sector, the coal industry emerges as a beacon of growth and resilience. January 2024 witnessed a notable surge, with the coal sector recording a robust growth of 10.2% among the eight core industries, as revealed by the Ministry of Commerce & Industries' Index of Eight Core Industries (ICI).

This surge in growth is not merely a statistical anomaly but a testament to the coal sector's pivotal role in driving overall industrial expansion. The coal industry's index soared to 218.9 points from 198.6 points in the corresponding period of the previous year, contributing significantly to the cumulative 12.2% increase observed from April to January 2023-24 compared to the preceding fiscal year.

The Combined Index of Eight Core Industries reflected a noteworthy 3.6% uptick in January 2024, underscoring the indispensable contribution of the coal sector. This exceptional growth can be primarily attributed to a substantial increase in coal production, reaching an impressive 99.73 million tonnes during January 2024, marking a remarkable 10.20% surge from the same period in the previous year.

The coal sector's consistent double-digit growth over the past seven months is a testament to the efficacy of the Ministry of Coal's proactive initiatives. This growth not only aligns with the national vision of "Atmanirbhar Bharat" (self-reliant India) but also contributes significantly to the nation's strides towards self-sufficiency and energy security.

As India continues its journey towards economic prosperity and sustainable development, the coal sector stands as a cornerstone, fueling growth, driving industrial expansion, and bolstering the foundations of a resilient and self-reliant nation.

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Fueling Growth: Coal Sector Powers Industrial Expansion

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