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www.projectstoday.comAugust 2025Economic Review 5output shrank by 2.6 percent. The sectoral indices were recorded at 123.2 for Mining, 152.3 for Manufacturing, and 217.1 for Electricity.Within Manufacturing, 15 out of 23 industry groups at the two-digit NIC level recorded growth compared to the previous year. Leading the growth were Basic Metals (9.6 percent), Coke and Refined petroleum products 4.2 percent, and Fabricated metal products 15.4 percent.As per the use-based classification, the indices stood at 151.3 for Primary Goods, 115.2 for Capital Goods, 167.9 for Intermediate Goods and 198.3 for Infrastructure/Construction Goods for the month of June 2025. Further, the indices for Consumer durables and Consumer nondurables stood at 130.8 and 144.6, respectively.Similarly, the growth rates of IIP as per Use-based classification in June 2025 over June 2024 are -3.0 percent in Primary goods, 3.5 percent in Capital goods, 5.5 percent in Intermediate goods, 7.2 percent in Infrastructure/ Construction Goods, 2.9 percent in Consumer durables and -0.4 percent in Consumer non-durables.EIGHT INFRA INDUSTRIES The Index of Eight Core Industries (ICI) for June 2025 showed a modest increase of 1.7 percent compared to June 2024. This growth was primarily driven by positive production trends in Steel, Cement, Coal, and Refinery products.Sector-Wise PerformancePetroleum refinery output increased by 3.4 percent in June, but cumulative growth remained constant during April-June 2025. On the other hand, Crude oil production declined by 1.2 percent in June and saw a cumulative drop of 2.0 percent. Coal production in June 2025 declined by 6.8 percent over the same month last year, contributing to a cumulative decline of 0.3 percent during April-June 2025. Natural gas declined by 2.8 percent in June. As a result, its overall cumulative output decreased by 2.5 percent in April-June 2025. Fertiliser production also declined by 1.2 percent in June, and its annual growth declined by 5.1 percent.Steel production increased by 9.3 percent in June, with a cumulative rise of 7.0 percent during April-June 2025. Cement posted the highest monthly growth at 9.2 percent, while its yearly output rose by 8.4 percent. Electricity generation declined by 2.8 percent in June, showing a cumulative decline of 2.0 percent during the April-June 2025 period.The final growth rate for the index in May 2025 was recorded at 1.2 percent. The cumulative growth rate during April-June 2025 stood at 3.1 percent on a provisional basis.FOREIGN TRADEIndia%u2019s total exports (including merchandise and services) for June 2025 are estimated at USD 67.98 billion, registering a 6.50 per cent growth compared to June 2024. Total imports (including merchandise and services) for June Performance of Eight Core IndustriesGrowth Rates (%)SectorCoalCrude OilNatural GasRefinery ProductsFertilizersSteelCementElectricityOverall IndexWeight10.338.986.8728.032.6717.915.3719.85100.002021-20228.5-2.619.28.90.716.920.88.010.42022-202314.8-1.71.64.811.39.38.78.97.82023-202411.80.66.13.63.712.58.97.17.62024-20255.1-2.2-1.22.82.96.86.35.24.5Apr-Jun 2024-202510.9-0.76.50.90.18.30.510.96.2Apr-Jun 2025-2026-0.3-2.0-2.50.0-3.87.08.4-2.01.3