Core Industries Index to be updated with new base year and recalibrated industries
The Ministry of Commerce and Industry is set to release an updated Index of Core Industries (ICI) on July 20. This revised series will feature a new base year of 2022-23, replacing the existing 2011-12 base year, and will include recalibrated industries and weightages. The weights for the ICI (2022-23) series have been derived from the weights of the Index of Industrial Production (IIP) 2022-23 series, as per established methodology. The release will also include provisional ICI data for June 2026 and back series data from April 2023 to May 2026.
Key Points
- The Index of Core Industries (ICI) is being updated with a new base year.
- The new base year for the ICI will be 2022-23, replacing the 2011-12 series.
- The update includes recalibrated industries and their respective weightages.
- Weights for the new ICI series are derived from the Index of Industrial Production (IIP) 2022-23 series.
- The updated ICI will be released on July 20, including provisional data for June 2026 and back series.
Exam Facts
- Releasing body: Ministry of Commerce and Industry.
- Release date: July 20.
- New base year: 2022-23.
- Previous base year: 2011-12.
- ICI weights derived from IIP (Index of Industrial Production).
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