Index of Core Industries updated to include iron ore, now 9 core industries
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Prelims·
Why in news
The Index of Core Industries (ICI) was updated to include iron ore as a core industry, expanding the list from eight to nine based on the Praveen Mahto Committee recommendations.
Background
The Index of Core Industries (ICI) now includes iron ore, steel (using gross production data), and excludes coal middlings to prevent double counting. The index has been updated to use 2022-23 as the base year for statistical alignment.
Facts for Prelims
- FactIron ore production saw a 43.9% surge in June 2025.
- BodyThe Index of Core Industries (ICI) tracks the output of key industrial sectors in India.
- FactThe base year for the updated Index of Core Industries is 2022-23.
- FactThe number of core industries in the index has increased from eight to nine.
For Mains
Q. Discuss how the inclusion of iron ore in the Index of Core Industries reflects India's shifting industrial priorities and the importance of accurate statistical modeling in economic planning.
Dimensions to cover in your answer
- Data integrity: Eliminating double counting of coal middlings to ensure accurate industrial output metrics
- Sectoral shift: Reflecting the rising importance of mineral-based industrial growth in national GDP
- Policy alignment: Synchronizing the ICI base year with broader national statistical overhaul goals
Keywords: Industrial Output · Statistical Modeling · Core Industries · Mineral Processing · Economic Indicators
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