Combined Index of Eight Core Industries (ICI)

April 29, 2023

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The combined Index of Eight Core Industries (ICI) increased by 3.6 percent (provisional) in March 2023 as compared to the Index of March 2022.

The production of Coal, Fertilizers, Steel, Natural Gas, and Refinery Products increased in March 2023 over the corresponding month of last year(2022).

Index of Eight Core Industries (ICI)

ICI measures combined and individual performance of the production of eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity.
The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) releases the Index of Eight Core Industries (ICI).
Base year: 2011-2012

Summary of the Index of Eight Core Industries

Coal – Coal production (weight: 10.33 percent) increased by 12.2 percent in March 2023 over March 2022.
Crude Oil – Crude Oil production (weight: 8.98 percent) declined by 2.8 percent in March 2023 over March 2022.
Natural Gas – Natural Gas production (weight: 6.88 percent) increased by 2.8 percent in March 2023 over March 2022.
Petroleum Refinery Products – Petroleum Refinery production (weight: 28.04 percent) increased by 1.5 percent in March 2023 over March 2022.
Fertilizers – Fertilizer production (weight: 2.63 percent) increased by 9.7 percent in March 2023 over March 2022.
Steel – Steel production (weight: 17.92 percent) increased by 8.8 percent in March 2023 over March 2022.
Cement – Cement production (weight: 5.37 percent) declined by 0.8 percent in March 2023 over March 2022.
Electricity – Electricity generation (weight: 19.85 percent) declined by 1.8 percent in March 2023 over March 2022.