Office of Economic Adviser to Release Revised Index of Core Industries Series (Base Year 2022–23)
Office of Economic Adviser will revise the Index of Core Industries from a 2011–12 base year to a 2022–23 base year and expand the basket from eight to nine core industries by adding Iron Ore.
- The Office of Economic Adviser will release the revised Index of Core Industries series on 20 July 2026 at 5:00 PM.
- The revised Index of Core Industries series will use base year 2022–23 and will replace the existing 2011–12 series.
- The revised Index of Core Industries basket will add Iron Ore and expand from eight core industries to nine core industries.
- The revised Index of Core Industries will retain only Raw Coal and will exclude Coal Middlings and Washed Coal to avoid double counting.
What happened
The Office of Economic Adviser (OEA), under the Department for Promotion of Industry and Internal Trade (DPIIT), will release the revised Index of Core Industries (ICI) series with base year 2022–23 on 20 July 2026 at 5:00 PM. The release will include the provisional ICI for June 2026 and a back series from April 2023 to May 2026, covering 38 months.
Background and earlier position
UPSC can ask which institution compiles the Index of Core Industries, which sectors form the basket, why base-year revision matters, and how industrial statistics affect policy assessment. In Mains, the revision can be used to discuss the quality of economic data, consistency across indices, and the importance of industrial output measurement for growth and planning.
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