Production in the nine key infrastructure industries of the country grew 5 percent in June, which was the highest since January. This was largely due to the increased production of cement, electricity, and iron ore. On aggregate, core industry production expanded by 1.1 percent in June and 3.2 percent in May. Data in this release are on the 2022-23 series, where 2011-12 has been the old base year. In addition, iron ore has been added to the list of core industries, thus increasing the number to nine.

According to official data that have been released on Monday, crude oil, natural gas, refinery products, and fertilizers saw a decline in June. However, cement and electricity production went up 9.8 percent, and iron ore, which has become one of the components of the index in the new series, jumped by 43.9 percent. In April-June quarter of the current fiscal year, these key industries grew 3.6 percent compared to 1 percent growth in the previous year.

As part of this revision, the government has implemented several methodological changes. Iron ore has been included as a core industry. The steel index is now calculated using gross production rather than net production to align it with the Index of Industrial Production (IIP). Furthermore, the coal index now includes only raw coal to avoid the double-counting of washed coal and coal middlings.

The revised weightages for the nine sectors are based on the 2022-23 IIP series, with electricity holding the highest weight, followed by refinery products and steel. The old base year series of 2011-12 has been discontinued, and the next ICI release for July 2026 is scheduled for August 20, 2026.

Production in the nine key infrastructure industries of the country grew 5 percent in June, which was the highest since January. This was largely due to the increased production of cement, electricity, and iron ore. On aggregate, core industry production expanded by 1.1 percent in June and 3.2 percent in May. Data in this release are on the 2022-23 series, where 2011-12 has been the old base year. In addition, iron ore has been added to the list of core industries, thus increasing the number to nine.

According to official data that have been released on Monday, crude oil, natural gas, refinery products, and fertilizers saw a decline in June. However, cement and electricity production went up 9.8 percent, and iron ore, which has become one of the components of the index in the new series, jumped by 43.9 percent. In April-June quarter of the current fiscal year, these key industries grew 3.6 percent compared to 1 percent growth in the previous year.

As part of this revision, the government has implemented several methodological changes. Iron ore has been included as a core industry. The steel index is now calculated using gross production rather than net production to align it with the Index of Industrial Production (IIP). Furthermore, the coal index now includes only raw coal to avoid the double-counting of washed coal and coal middlings.

The revised weightages for the nine sectors are based on the 2022-23 IIP series, with electricity holding the highest weight, followed by refinery products and steel. The old base year series of 2011-12 has been discontinued, and the next ICI release for July 2026 is scheduled for August 20, 2026.