Index of Core Industries Grows 7.9% in September 2026; August 2026 Final Index Revised to 120.4

Key facts

• The Index of Core Industries (ICI) with Base Year 2022-23 grew by 7.9 per cent in September 2026 (Provisional) year-on-year, higher than the 5.9 per cent growth recorded in August 2026 (Final).
• In September 2026, Iron Ore grew 18.4 per cent, Electricity 11.4 per cent, Coal 10.7 per cent, Refinery Products 10.3 per cent, Cement 9.8 per cent, and Steel 4.9 per cent year-on-year, while Fertilizers, Natural Gas, and Crude Oil recorded negative growth.
• The cumulative growth rate of ICI during April-September 2026 was 5.1 per cent (Provisional), compared with 2.5 per cent in the corresponding period of the previous year.
• The final index for August 2026 was revised from 119.2 (Provisional) to 120.4, and its year-on-year growth rate was revised from 4.8 per cent to 5.9 per cent.
• Coal, Refinery Products, Steel, and Iron Ore have been the major drivers of overall ICI growth in recent months.
• The provisional ICI for October 2026 will be released on 20 November 2026, as the provisional index for a reference month is released on the 20th of the following month.
• The ICI is released by the Ministry of Commerce & Industry, and data from April 2023 onward is available on the OEA web portal.