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Revised ICI Base Year 2022-23: Core Sector Growth at 5% in June, Iron Ore Output Soars 43.9%

EconomyInfrastructureHIGH
Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
20 Jul 2026
~2 min
Source: Indian Express
Key Data:ICI growth: 5%Iron ore output growth: 43.9%Iron ore weight: 4.9%Base year: 2022-23 (old: 2011-12)2024-25 growth revised: 4.3% (from 6.9%)2025-26 growth revised: 3% (from 1.1%)
Bodies:Ministry of Commerce and Industry
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What This Article Covers

1.ICI surged to 5% in June 2026 (five-month high) with iron ore debut as 9th sector, contributing 43.9% output jump.

2.Base year shifted from 2011-12 to 2022-23; past growth revised: 2024-25 cut from 6.9% to 4.3%, 2025-26 raised from 1.1% to 3%.

3.Electricity (+9.8%) and cement (+9.8%) also drove growth, while petroleum sectors (crude oil, natural gas, refinery, fertilisers) contracted due to higher imports and global price trends.

The Big Picture
Prelims · HighMains · Medium

The Commerce Ministry’s revised Index of Core Industries (ICI) with base year 2022-23 shows a five-month high growth of 5% in June 2026, driven by the inclusion of iron ore (up 43.9% on a low base). The new series significantly revises past growth figures, downgrading 2024-25 from 6.9% to 4.3% and upgrading 2025-26 from 1.1% to 3%, highlighting the impact of methodological changes.

Exam Lens

Quick Exam Facts From News

ICI Growth (June 2026)5% (five-month high)
Iron Ore Output Growth43.9% (YoY)
Iron Ore Weight in ICI4.9%
New Base Year2022-23 (vs 2011-12 old)
2024-25 Growth (Revised)4.3% (down from 6.9%)
2025-26 Growth (Revised)3% (up from 1.1%)
Electricity Growth (June)9.8%
Cement Growth (June)9.8%
Crude Oil Decline-4.2% (18th consecutive month)
Natural Gas Decline-7.4% (24th consecutive month)

1-Minute Revision

  • ›ICI Growth (June 2026): 5% (five-month high)
  • ›Iron Ore Output Growth: 43.9% (YoY)
  • ›Target this Data: ICI growth in June 2026 = 5% (five-month high); Iron ore output growth = 43.9%
  • ›Target this Nodal Body: Ministry of Commerce and Industry (releases the Index of Core Industries)
  • ›Target this Legal Point: Base year change from 2011-12 to 2022-23; addition of iron ore as 9th sector

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which ministry/department is responsible for releasing the Index of Core Industries (ICI)?

Q2Statement-basedHard

Consider the following statements regarding the revised Index of Core Industries (ICI):

1. The new base year for the ICI is 2022-23, replacing the earlier base year of 2011-12.

2. Iron ore has been added as the ninth core sector with a weight of 4.9% in the index.

3. Under the new series, the growth rate for 2024-25 has been upgraded to 6.9% from 4.3%.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what was the year-on-year growth rate of iron ore output in June 2026?

Q4Application/ImpactMedium

Why was iron ore added to the Index of Core Industries, according to the article?

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