Coal sector achieves remarkable growth of 10.2 % among eight core industries in May 2024

In May 2024, the coal sector exhibited significant growth, recording a robust increase of 10.2% (provisional), making it the leading performer among the eight core industries according to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce & Industries. The index for the coal industry rose to 184.7 points from 167.6 points in the same period last year, marking an 8.9% cumulative increase during April-May 2024-25 compared to the previous year. This growth underscores the coal industry's pivotal role in driving overall industrial expansion, surpassing other key sectors consistently over the past 2 fiscal years.

The surge in coal production during May 2024, reaching 83.91 million tonnes, represents a notable 10.15% increase from the previous year. This surge highlights the sector's capacity to meet escalating demands from energy and manufacturing industries. The Ministry of Coal's proactive initiatives have been instrumental in this growth trajectory, aligning with India's vision of "Atmanirbhar Bharat" and reinforcing the nation's journey towards self-sufficiency and enhanced energy security.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.