Index of Core Industries — New Base Year

Released by: Office of Economic Adviser (OEA), DPIIT
New Base Year: 2022–23
Old Base Year: 2011–12

Major Change

Iron Ore was added to the Index of Core Industries.

Therefore:

Core industries increased from 8 → 9

Nine Core Industries

1. Coal
2. Crude Oil
3. Natural Gas
4. Refinery Products
5. Fertilizers
6. Steel
7. Cement
8. Electricity
9. Iron Ore

June 2026

• ICI growth: 5% YoY
• May 2026: 3.2%
• Q1 FY27 growth: 3.6%

Highest Growth

Iron Ore: +43.9%

Other major growth:

• Electricity: +9.8%
• Cement: +9.8%
• Steel: +4.6%
• Coal: +1.4%

Negative Growth

• Natural Gas: −7.4%
• Refinery Products: −4.7%
• Crude Oil: −4.2%
• Fertilizers: −3.3%

⭐ Remember

ICI = 9 sectors + Base Year 2022–23 + Iron Ore added