India to Launch 2022-23 Core Industries Index on July 20, Adding 9th Sector
Updated
Updated · The Hindu · Jul 17
India to Launch 2022-23 Core Industries Index on July 20, Adding 9th Sector
3 articles · Updated · The Hindu · Jul 17
Summary
July 20 will bring India’s revised Index of Core Industries, with a 2022-23 base year, June 2026 provisional data and a back series running from April 2023 to May 2026.
The overhaul updates one of India’s key industrial gauges by recalibrating sector weights from the new 2022-23 IIP series, replacing the current 2011-12-based index.
Iron ore has been added to expand the basket to 9 sectors, alongside coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
Method changes also shift steel to gross production from net production, while coal will count only raw coal, excluding middlings and washed coal to avoid double counting.
With the revised ICI, India will have updated all its main economic metrics covering national accounts, inflation and industrial performance.