India’s Index of Core Industries gets an updated series: What has changed? | Explained
The Union Government of India released a revised series of the Index of Core Industries (ICI), updating the base year, sectoral coverage, and weights. The updated ICI now includes iron ore, expanding the previous list of eight sectors, which comprised coal, crude oil, natural gas, refinery products, steel, cement, electricity, and fertilizers. This revision aims to provide a more accurate reflection of industrial growth and performance in the country.