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18 July 2026

Upgrade of Index of Core Industries (ICI)

The Index of Core Industries is a key macroeconomic indicator frequently cited in UPSC exams, and its revision with a new base year is a significant technical update relevant to industrial policy and economic growth analysis.

1 min read Day 6 of 15 1 questions 2 prelims

Notes

  • The Ministry of Commerce and Industry is updating the Index of Core Industries (ICI).
  • The new base year for the ICI series is 2022-23, replacing the previous 2011-12 base year.
  • The revision involves recalibrating the industries included and their respective weightages.
  • The updated ICI series will be released on July 20, including provisional data for June 2026 and a back series from April 2023 to May 2026.
  • The weights for the new ICI series are derived from the Index of Industrial Production (IIP) 2022-23 series, as released by the Ministry of Statistics and Programme Implementation.

Part of a longer story

This is day 6 of 15 in Upgrades to India's statistical databases, which has been running since 21 June 2026. Reading it whole is usually worth more than reading today alone — the exam asks how something developed.

Questions

  1. Discuss the significance of periodically revising the base year for economic indicators like the Index of Core Industries (ICI) in reflecting the structural changes in the Indian economy. 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00

Prelims

  1. What is the new base year for the updated Index of Core Industries (ICI) as announced by the Ministry of Commerce and Industry?

  2. The weights for the updated Index of Core Industries (ICI) are derived from which of the following indices?

Syllabus

Topics

Sources

250words.in · https://250words.in/daily/2026-07-18/upgrade-of-index-of-core-industries-ici