Combined Index of Eight Core Industries increases by 8.2% provisionally in June 2023

The combined Index of Eight Core Industries (ICI) increased by 8.2 percent provisionally in June this year as compared to the Index of June 2022.

   

The production of Steel, Coal, Cement, Refinery Products, Natural Gas, Fertilizers, and Electricity increased in June 2023 over the corresponding month of last year.

 

ICI measures combined and individual performance of 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).

 

Final growth rate of Index of Eight Core Industries for March 2023 is revised to 4.2 percent from its provisional level 3.6 percent.

 

The cumulative growth rate of ICI during the quarter April to June, 2023-24 is reported to be 5.8 percent (provisional) as compared to the corresponding period of last year.