India’s combined Index of Core Industries (ICI) grew 5% year-on-year in June 2026, compared with 3.2% in May, according to provisional data released by the government under the revised 2022-23 base year series.
The June release marks the first publication of the revised ICI series, replacing the earlier 2011-12 base year. The revised index now covers nine core industries, with iron ore added as a new constituent alongside coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
Iron ore, electricity, cement, steel and coal recorded positive growth during the month compared with June 2025, while natural gas, crude oil, refinery products and fertilisers contracted.
Iron ore production posted the strongest growth at 43.9% year-on-year in June, followed by cement and electricity, both of which grew 9.8%. Steel output increased 4.6%, while coal production rose 1.4%.However, natural gas production declined 7.4%, refinery products contracted 4.7%, crude oil output fell 4.2%, and fertiliser production slipped 3.3% during the month.
