Coal Sector Leads India’s Core Industries with 10.2% Growth in May 2024

In May 2024, India’s coal sector achieved a remarkable growth rate of 10.2%, making it the top performer among the country’s eight core industries. The Index of Eight Core Industries (ICI), released by the Ministry of Commerce and Industry, reported a combined index increase of 6.3% for the month.

The coal sector’s growth is attributed to a significant boost in production, reaching 83.91 million tonnes. This figure represents a 10.15% increase compared to the previous year, highlighting the sector’s enhanced capacity to meet the escalating demand from energy and manufacturing industries.

This surge supports India’s energy security and aligns with the government’s vision of ‘Atmanirbhar Bharat’ (self-reliant India). The Ministry of Coal’s strategic initiatives have been instrumental in driving this growth, contributing to the broader goal of sustainable industrial growth and energy security.

The coal sector’s robust performance has had a significant impact on the overall industrial landscape, enhancing the nation’s economic resilience and industrial competitiveness. The continued growth of the coal industry is expected to support a wide range of economic activities, from power generation to industrial manufacturing, fostering economic stability and growth.