PROVISIONAL ESTIMATES OF INDEX OF CORE INDUSTRIES FOR THE MONTH OF AUGUST 2026, AND FINAL INDEX FOR THE MONTH OF JULY 2026 WITH BASE YEAR 2022-23
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Text from Press Information Bureau. Statements and views below are those of the issuing institution. Figures, linked documents and attachments are available in the original release.Source publication: 21 SEP 2026 5:00PM by PIB Delhi
- Key highlights of ICI for the month of August 2026
- The Index of Core Industries (ICI) grew by 4.8 per cent in August 2026 (Provisional Estimate) on a year-on-year basis, compared with August 2025. This is slightly less than the growth rate of 5.0 per cent recorded in July 2026 (Final Index).
- Cement, Electricity, Iron Ore, Steel, and Refinery Products observed (Y-o-Y) growth rate of 12.5 per cent, 11.6 per cent, 5.5 per cent, 3.4 per cent, and 2.6 per cent, respectively, whereas Coal, Natural Gas, Crude Oil, and Fertilizers witnessed negative growth in August 2026.
- Iron Ore, Electricity, and Cement have been the major drivers of overall growth of ICI during recent months.
- Cumulative growth rate of ICI during April-August 2026 was 4.3 per cent (Provisional Estimate) compared to 2.4 per cent in the corresponding period of the previous year.
- The charts (1 to 4) below show trend in ICI and its growth rate for the last 13 months, industry-wise indices and growth rates for July and August 2026, and sector-wise contribution to overall ICI growth in August 2026.
Chart 1: ICI and growth rate
(P)-Provisional
Chart 2: Sector-wise index in July and August 2026
(P)-Provisional
Chart 3: Sector-wise growth rate in July and August 2026
(P)-Provisional
Chart 4: Sector-wise contribution to growth
(P)-Provisional
- The final index for the month of July 2026 has been revised from 121.2 (Provisional Estimate) to 120.8. Accordingly, YoY growth rate has been revised from 5.4 per cent to 5.0 per cent.
- Index of Core Industries, and Year-on-Year (YoY) growth rate for the last 13 months is given at Annexure-I and Annexure-II. ICI for the months of April 2023 onward have been placed on the web portal of OEA at web link (https://eaindustry.nic.in/ici_download_data.asp).
- Annual and Cumulative Index and YoY growth rate is given at Annexure-III and Annexure-IV.
- Release Schedule: Provisional index of ICI for a reference month will be released on the 20th of the following month (if it is a working day, else on next working day). Accordingly, The ICI for the month of September 2026 will be released on Wednesday, 21st October 2026.
Annexure-I
Table 1: Index of Core Industries for last 13 months
| Sector | Coal | Natural Gas | Crude Oil | Refinery Products | Fertilizers | Steel | Cement | Electricity | Iron Ore | Overall Index |
| Weight | 5.596 | 3.841 | 7.43 | 22.572 | 2.731 | 17.584 | 4.41 | 30.932 | 4.905 | 100.00 |
| Aug-25 | 93.3 | 104.6 | 98.2 | 105.7 | 114.9 | 135.9 | 109.6 | 119.4 | 91.1 | 113.7 |
| Sep-25 | 91.5 | 100.7 | 93.3 | 99.0 | 109.5 | 133.0 | 110.1 | 115.2 | 91.5 | 109.6 |
| Oct-25 | 104.1 | 103.9 | 96.6 | 108.9 | 117.5 | 131.7 | 115.4 | 104.4 | 115.7 | 111.0 |
| Nov-25 | 124.6 | 102.1 | 93.9 | 105.1 | 114.9 | 131.3 | 119.0 | 97.9 | 134.6 | 110.0 |
| Dec-25 | 136.5 | 103.2 | 96.5 | 113.1 | 116.3 | 141.4 | 141.2 | 110.6 | 146.5 | 120.0 |
| Jan-26 | 141.5 | 102.5 | 96.2 | 112.5 | 115.2 | 148.1 | 143.3 | 114.5 | 146.7 | 122.5 |
| Feb-26 | 133.9 | 91.9 | 86.7 | 101.2 | 103.3 | 134.7 | 137.6 | 107.1 | 137.3 | 112.7 |
| Mar-26 | 152.9 | 101.2 | 95.7 | 113.1 | 76.5 | 149.2 | 151.1 | 119.5 | 160.6 | 124.9 |
| Apr-26 | 99.8 | 98.0 | 93.4 | 100.6 | 82.5 | 134.3 | 129.5 | 122.9 | 137.1 | 115.3 |
| May-26 | 105.0 | 99.6 | 95.8 | 100.3 | 101.2 | 137.5 | 132.5 | 131.2 | 148.5 | 120.1 |
| Jun-26 | 107.6 | 97.0 | 92.5 | 101.5 | 102.3 | 136.8 | 138.4 | 132.3 | 148.7 | 120.7 |
| Jul-26 | 93.8 | 101.3 | 94.0 | 111.6 | 104.0 | 139.6 | 128.7 | 133.6 | 104.8 | 120.8 |
| Aug-26 (P) | 89.8 | 99.5 | 94.7 | 108.4 | 100.7 | 140.5 | 123.3 | 133.3 | 96.1 | 119.2 |
Data for August 2026 is Provisional
Annexure-II
Table 2: YoY growth rate of ICI for last 13 months
| Sector | Coal | Natural Gas | Crude Oil | Refinery Products | Fertilizers | Steel | Cement | Electricity | Iron Ore | Overall Index |
| Weight | 5.596 | 3.841 | 7.43 | 22.572 | 2.731 | 17.584 | 4.41 | 30.932 | 4.905 | 100.00 |
| Aug-25 | 10.8 | -2.2 | -0.7 | 3.4 | 4.5 | 15.3 | 5.4 | 4.2 | 7.9 | 6.2 |
| Sep-25 | -1.1 | -3.7 | -0.7 | -3.2 | 1.7 | 14.3 | 5.1 | 3.1 | 0.8 | 3.1 |
| Oct-25 | -8.4 | -5.2 | -0.8 | 5.3 | 7.4 | 9.5 | 5.2 | -7.0 | 8.7 | 0.8 |
| Nov-25 | 2.2 | -2.5 | -2.6 | -0.2 | 5.5 | 11.6 | 15.1 | -1.5 | 19.3 | 3.5 |
| Dec-25 | 3.7 | -4.4 | -5.1 | -0.3 | 4.1 | 11.1 | 14.0 | 6.2 | 22.3 | 5.6 |
| Jan-26 | 0.9 | -4.9 | -5.4 | 0.4 | 3.7 | 13.8 | 11.3 | 5.1 | 12.8 | 5.2 |
| Feb-26 | 1.4 | -5.0 | -4.8 | -0.4 | 3.5 | 9.9 | 9.1 | 2.3 | 8.5 | 3.2 |
| Mar-26 | -4.0 | -3.7 | -5.3 | 0.9 | -24.6 | 9.6 | 4.7 | 0.8 | 33.3 | 2.9 |
| Apr-26 | -9.0 | -4.2 | -3.2 | -0.2 | -8.5 | 4.7 | 8.3 | 5.5 | 12.5 | 2.7 |
| May-26 | -9.5 | -5.0 | -4.2 | -8.2 | -1.0 | 5.1 | 8.4 | 11.2 | 19.0 | 3.2 |
| Jun-26 | 1.4 | -4.8 | -4.2 | -4.0 | -3.3 | 5.6 | 9.9 | 11.4 | 44.5 | 6.0 |
| Jul-26 | 7.6 | -3.0 | -5.3 | 3.0 | -8.0 | 1.9 | 12.7 | 8.4 | 29.5 | 5.0 |
| Aug-26 (P) | -3.8 | -4.9 | -3.6 | 2.6 | -12.4 | 3.4 | 12.5 | 11.6 | 5.5 | 4.8 |
Data for August 2026 is Provisional
Annexure-III
Table 3: Annual and Cumulative Index of Core Industries
| Sector | Coal | Natural Gas | Crude Oil | Refinery Products | Fertilizers | Steel | Cement | Electricity | Iron Ore | Overall Index |
| Weight | 5.596 | 3.841 | 7.43 | 22.572 | 2.731 | 17.584 | 4.41 | 30.932 | 4.905 | 100.00 |
| 2023-24 | 111.7 | 106.1 | 100.6 | 103.6 | 103.7 | 113.6 | 108.9 | 107.1 | 107.3 | 107.2 |
| 2024-25 | 117.3 | 105.7 | 98.4 | 106.5 | 106.7 | 121.8 | 115.9 | 112.6 | 112.2 | 111.8 |
| 2025-26 | 116.4 | 102.0 | 95.8 | 106.9 | 106.6 | 135.9 | 125.8 | 113.8 | 121.2 | 115.2 |
| Apr-Aug 25 | 102.5 | 103.6 | 98.1 | 105.9 | 105.2 | 132.3 | 118.3 | 119.2 | 104.3 | 114.3 |
| Apr-Aug 26 | 99.2 | 99.1 | 94.1 | 104.5 | 98.1 | 137.7 | 130.5 | 130.7 | 127.0 | 119.2 |
Data for April-August 2026 is Provisional
Annexure-IV
Table 3: YoY growth rate of Annual and Cumulative Index of Core Industries
| Sector | Coal | Natural Gas | Crude Oil | Refinery Products | Fertilizers | Steel | Cement | Electricity | Iron Ore | Overall Index |
| Weight | 5.596 | 3.841 | 7.43 | 22.572 | 2.731 | 17.584 | 4.41 | 30.932 | 4.905 | 100.00 |
| 2024-25 | 5.0 | -0.3 | -2.2 | 2.8 | 2.9 | 7.3 | 6.4 | 5.2 | 4.6 | 4.3 |
| 2025-26 | -0.7 | -3.6 | -2.7 | 0.4 | -0.1 | 11.6 | 8.5 | 1.0 | 8.0 | 3.0 |
| Apr-Aug 25 | -0.7 | -2.7 | -1.4 | 0.4 | -0.9 | 11.8 | 7.6 | 0.7 | -3.4 | 2.4 |
| Apr-Aug 26 | -3.2 | -4.4 | -4.1 | -1.4 | -6.7 | 4.1 | 10.3 | 9.6 | 21.8 | 4.3 |
Data for April-August 2026 is Provisional
Abhishek Dayal / Abhijith Narayanan
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