The combined Index of Eight Core Industries (ICI) increased by 3.6 per cent in January 2024 as compared to the Index of January 2023.
The Index of Eight Core Industries (ICI) is released by the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
The Eight Core Industries comprise 40.27 % of the weight of items included in the Index of Industrial Production (IIP).
The Index of Eight Core Industries is a monthly production index, which is also considered as a lead indicator of the monthly industrial performance.
The eight core industries, in descending order of their weights, are: Petroleum Refinery Products, Electricity, Steel, Coal production, Crude Oil, Natural Gas, Cement and Fertilizer.