The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade, has released the revised Index of Core Industries (ICI) series with base year 2022-23. The revised series replaces the older 2011-12 series and begins with provisional data for June 2026.

The revision matters because the Index of Core Industries is a key high-frequency indicator of industrial activity. It is closely watched for reading trends in production, infrastructure-linked demand, and the broader industrial cycle.

What changed in the revised Index of Core Industries series

The revised series introduces important methodological and compositional changes:

Key features

The new series expands the number of core industries from eight to nine by including iron ore.