Index Of Core Industries (ICI)

Index of Core Industries (ICI) is a production volume index which is released on monthly basis.
The index measures combined and individual performance of production in selected eight core industries.
The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) under Ministry of Commerce & Industry is mandated with releasing the Index.
The base year of the ICI has been revised to 2011-12 from 2004-05.

What are the Eight Core Industries of the Index?

ln the order of weightage from highest to lowest, the Eight Core Industries are:

These industries account for more than 40% of the weight of items included in the Index of Industrial Production (IIP).
It is an important lead indicator for overall industrial performance and general economic activities in the economy.
Since these eight industries are essential, basic and/or intermediate ingredient in functioning of broader economy, mapping their health provides a fundamental understanding of state of the economy.

03 september 2022: India’s eight core sectors’ output growth dropped to a six-month low of 4.5% in July from 13.2% in June, with crude oil and natural gas output declining from a year ago and growth in sectors like cement and electricity dropping to around 2%.