India’s Index of Core Industries gets an updated series: What has changed? | Explained
The Indian government has updated its Index of Core Industries (ICI) by shifting the base year to 2022-23 and expanding the sector coverage from eight to nine industries. The inclusion of iron ore and revised weighting methodologies aim to provide a more accurate reflection of current industrial activity.
The story so far : The Union Government has released an updated series of its Index of Core Industries (ICI), which is a key measure of how the main industrial sectors in India’s economy are doing. This update now brings the ICI on a par with other recently updated metrics such as the national accounts (Gross Domestic Product and Gross Value Added), inflation, and the Index of Industrial Production (IIP).
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