Overview
The Ministry of Commerce & Industry released the Index of Eight Core Industries (ICI) for October 2025. The combined Index remained unchanged at 162.4 (provisional) compared to October 2024. Positive growth was observed in Fertilizer, Steel, Cement, and Petroleum Refinery products. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
Key Highlights
- Overall Index: Remained unchanged at 162.4 in October 2025 compared to October 2024.
- Positive Growth Sectors: Fertilizer, Steel, Cement, and Petroleum Refinery products.
- Negative Growth Sectors: Coal, Crude Oil, Natural Gas, and Electricity.
- IIP Contribution: The Eight Core Industries account for 40.27% of the IIP.
- Cumulative Growth: The cumulative growth rate from April to October 2025-26 is 2.5% (provisional).
Sector-Specific Performance
Coal
Coal production (weight: 10.33%) declined by 8.5% in October 2025 compared to October 2024. The cumulative index declined by 2.0% during April to October 2025-26.
Crude Oil
Crude Oil production (weight: 8.98%) declined by 1.2% in October 2025 compared to October 2024. The cumulative index declined by 1.1% during April to October 2025-26.
Natural Gas
Natural Gas production (weight: 6.88%) declined by 5.0% in October 2025 compared to October 2024. The cumulative index declined by 3.1% during April to October 2025-26.
Petroleum Refinery Products
Petroleum Refinery production (weight: 28.04%) increased by 4.6% in October 2025 compared to October 2024. The cumulative index increased by 0.4% during April to October 2025-26.
Fertilizers
Fertilizer production (weight: 2.63%) increased by 7.4% in October 2025 compared to October 2024. The cumulative index increased by 0.7% during April to October 2025-26.
Steel
Steel production (weight: 17.92%) increased by 6.7% in October 2025 compared to October 2024. The cumulative index increased by 10.3% during April to October 2025-26.
Cement
Cement production (weight: 5.37%) increased by 5.3% in October 2025 compared to October 2024. The cumulative index increased by 7.3% during April to October 2025-26.
Electricity
Electricity generation (weight: 19.85%) declined by 7.6% in October 2025 compared to October 2024. The cumulative index declined by 0.1% during April to October 2025-26.
UPSC Relevance
This data is crucial for understanding the performance of core sectors, which directly impacts the Index of Industrial Production (IIP) and overall economic growth. It is relevant for GS3 (Economy) and GS3 (Infrastructure). Analyzing the trends in these sectors helps in assessing the effectiveness of government policies and identifying areas needing attention.
Key Takeaways for UPSC
- ICI Composition: Understanding the weightage of each sector in the ICI.
- Growth Trends: Analyzing the growth rates of individual sectors and their impact on the overall index.
- Policy Implications: Assessing the implications of these trends for government policies related to industrial growth and infrastructure development.
- Economic Indicators: Using the ICI data as an indicator of broader economic performance.
