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:
- Petroleum Refinery,
- Electricity generation,
- Steel production,
- Coal,
- Crude Oil,
- Natural Gas,
- Cement production, and
- Fertilizers.
Significance of the Index of Core Industries (ICI)
- 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.
Latest News
- 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%.
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