The Ministry of Commerce & Industry released the Index of Eight Core Industries (ICI) for August 2025, with a base year of 2011-12=100. Posted on 22 SEP 2025 at 5:00 PM by PIB Delhi, the combined ICI increased by 6.3% (provisional) in August 2025 compared to August 2024. Steel, Coal, Cement, Fertilizer, Electricity, and Petroleum Refinery products recorded positive growth. Details are in Annex I and II. The final growth rate for July 2025 was 3.7%, with a cumulative growth rate of 2.8% (provisional) from April to August 2025-26 compared to the previous year. The Eight Core Industries comprise 40.27% of the Index of Industrial Production (IIP).
Individual industry performance:
- **Coal:** Increased by 11.4% in August 2025 (weight: 10.33%), cumulative index decreased by 0.7% during April to August 2025-26.
- **Crude Oil:** Decreased by 1.2% in August 2025 (weight: 8.98%), cumulative index decreased by 1.7% during April to August 2025-26.
- **Natural Gas:** Decreased by 2.2% in August 2025 (weight: 6.88%), cumulative index decreased by 2.5% during April to August 2025-26.
- **Petroleum Refinery Products:** Increased by 3.0% in August 2025 (weight: 28.04%), cumulative index increased by 0.4% during April to August 2025-26.
- **Fertilizers:** Increased by 4.6% in August 2025 (weight: 2.63%), cumulative index decreased by 0.8% during April to August 2025-26.
- **Steel:** Increased by 14.2% in August 2025 (weight: 17.92%), cumulative index increased by 10.4% during April to August 2025-26.
- **Cement:** Increased by 6.1% in August 2025 (weight: 5.37%), cumulative index increased by 8.4% during April to August 2025-26.
- **Electricity:** Increased by 3.1% in August 2025 (weight: 19.85%), cumulative index increased by 0.5% during April to August 2025-26.
Notes:
- July 2025 data is final; August 2025 is provisional.
- Electricity generation data from Renewable sources included since April 2014.
- Industry weights are derived from IIP.
- Hot Rolled Pickled and Oiled (HRPO) included under 'Cold Rolled (CR) coils' since March 2019.
- The index for September 2025 will be released on Tuesday, 21st October 2025.
Contact: Abhishek Dayal/Abhijith Narayanan (Release ID: 2169646)
Key Entities Referenced
Index of Eight Core Industries (ICI): Measures the combined and individual production performance of eight core industries, contributing significantly to the Index of Industrial Production (IIP).
Eight Core Industries: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity.
Ministry of Commerce & Industry: Releases the monthly Index of Eight Core Industries data.
Index of Industrial Production (IIP): A broader index, of which the Eight Core Industries constitute a significant portion.
Ministry of Commerce & Industry
INDEX OF EIGHT CORE INDUSTRIES (BASE
YEAR: 2011-12=100) FOR AUGUST, 2025
Posted On: 22 SEP 2025 5:00PM by PIB Delhi
The combined Index of Eight Core Industries (ICI) increased by 6.3 per cent (provisional) in August,
2025 as compared to the Index in August, 2024. The production of Steel, Coal, Cement, Fertilizer,
Electricity and Petroleum Refinery products recorded positive growth in August, 2025. The details of
annual indices, monthly indices and growth rates are provided at Annex I and Annex II.
The ICI measures the combined and individual performance of production of eight core
industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and
Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in
the Index of Industrial Production (IIP).
The final growth rate of Index of Eight Core Industries for July 2025 was observed at 3.7 per cent. The
cumulative growth rate of ICI during April to August, 2025-26 is 2.8 per cent (provisional) as compared
to the corresponding period of last year.
The summary of the Index of Eight Core Industries is given below:
Coal - Coal production (weight: 10.33 per cent) increased by 11.4 per cent in August, 2025 over August,
2024. Its cumulative index declined by 0.7 per cent during April to August, 2025-26 over corresponding
period of the previous year.
Crude Oil - Crude Oil production (weight: 8.98 per cent) declined by 1.2 per cent in August, 2025 over
August, 2024. Its cumulative index declined by 1.7 per cent during April to August, 2025-26 over
corresponding period of the previous year.
Natural Gas - Natural Gas production (weight: 6.88 per cent) declined by 2.2 per cent in August, 2025
over August, 2024. Its cumulative index declined by 2.5 per cent during April to August, 2025-26 over
corresponding period of the previous year.
Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) increased by 3.0
per cent in August, 2025 over August, 2024. Its cumulative index increased by 0.4 per cent during April
to August, 2025-26 over corresponding period of the previous year.
Fertilizers - Fertilizer production (weight: 2.63 per cent) increased by 4.6 per cent in August, 2025 over
August, 2024. Its cumulative index declined by 0.8 per cent during April to August, 2025-26 over
corresponding period of the previous year.
Steel - Steel production (weight: 17.92 per cent) increased by 14.2 per cent in August, 2025 over August,
2024. Its cumulative index increased by 10.4 per cent during April to August, 2025-26 over
corresponding period of the previous year.
Cement - Cement production (weight: 5.37 per cent) increased by 6.1 per cent in August, 2025 over
August, 2024. Its cumulative index increased by 8.4 per cent during April to August, 2025-26 over
corresponding period of the previous year.
Electricity - Electricity generation (weight: 19.85 per cent) increased by 3.1 per cent in August, 2025
over August, 2024. Its cumulative index increased by 0.5 per cent during April to August, 2025-26 over
corresponding period of the previous year.Note 1: Data for July, 2025 is Final. Data for August, 2025 is Provisional. Index numbers of Core
Industries are revised/finalized as per updated data from source agencies.
Note 2: Since April 2014, Electricity generation data from Renewable sources are also included.
Note 3: The industry-wise weights indicated above are individual industry weights derived from IIP and
blown up on pro rata basis to a combined weight of ICI equal to 100.
Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the
item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.
st
Note 5: Release of the index for September, 2025 will be on Tuesday, 21 October, 2025.
Annex I
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2011-12=100
Index
Crude Natural Refinery Fertilizer Overall
Sector Coal Steel Cement Electricity
Oil Gas Products s Index
Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00
2012-13 103.2 99.4 85.6 107.2 96.7 107.9 107.5 104.0 103.8
2013-14 104.2 99.2 74.5 108.6 98.1 115.8 111.5 110.3 106.5
2014-15 112.6 98.4 70.5 108.8 99.4 121.7 118.1 126.6 111.7
2015-16 118.0 97.0 67.2 114.1 106.4 120.2 123.5 133.8 115.1
2016-17 121.8 94.5 66.5 119.7 106.6 133.1 122.0 141.6 120.5
2017-18 124.9 93.7 68.4 125.2 106.6 140.5 129.7 149.2 125.7
2018-19 134.1 89.8 69.0 129.1 107.0 147.7 147.0 156.9 131.2
2019-20 133.6 84.5 65.1 129.4 109.8 152.6 145.7 158.4 131.6
2020-21 131.1 80.1 59.8 114.9 111.6 139.4 130.0 157.6 123.2
2021-22 142.3 77.9 71.3 125.1 112.4 163.0 156.9 170.1 136.1
2022-23 163.5 76.6 72.4 131.2 125.1 178.1 170.6 185.2 146.7
2023-24 182.7 77.1 76.8 135.9 129.8 200.4 185.7 198.3 157.8
2024-25 192.0 75.4 75.9 139.7 133.5 214.1 197.4 208.6 164.9
Apr-Aug
169.1 76.2 76.9 138.2 132.8 207.1 186.7 219.3 162.5
2024-25
Apr-Aug
167.9 74.9 75.0 138.7 131.7 228.7 202.3 220.3 167.1
2025-26*
*Provisional
Growth Rates (on Y-o-Y basis in per cent)
Crude Natural Refinery Fertilizer Electricit Overall
Sector Coal Steel Cement
Oil Gas Products s y Growth
Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.002012-13 3.2 -0.6 -14.4 7.2 -3.3 7.9 7.5 4.0 3.8
2013-14 1.0 -0.2 -12.9 1.4 1.5 7.3 3.7 6.1 2.6
2014-15 8.0 -0.9 -5.3 0.2 1.3 5.1 5.9 14.8 4.9
2015-16 4.8 -1.4 -4.7 4.9 7.0 -1.3 4.6 5.7 3.0
2016-17 3.2 -2.5 -1.0 4.9 0.2 10.7 -1.2 5.8 4.8
2017-18 2.6 -0.9 2.9 4.6 0.03 5.6 6.3 5.3 4.3
2018-19 7.4 -4.1 0.8 3.1 0.3 5.1 13.3 5.2 4.4
2019-20 -0.4 -5.9 -5.6 0.2 2.7 3.4 -0.9 0.9 0.4
2020-21 -1.9 -5.2 -8.2 -11.2 1.7 -8.7 -10.8 -0.5 -6.4
2021-22 8.5 -2.6 19.2 8.9 0.7 16.9 20.8 8.0 10.4
2022-23 14.8 -1.7 1.6 4.8 11.3 9.3 8.7 8.9 7.8
2023-24 11.8 0.6 6.1 3.6 3.7 12.5 8.9 7.1 7.6
2024-25 5.1 -2.2 -1.2 2.8 2.9 6.8 6.3 5.2 4.5
Apr-Aug
6.5 -1.7 2.5 1.6 1.7 7.3 0.7 7.1 4.6
2024-25
Apr-Aug
-0.7 -1.7 -2.5 0.4 -0.8 10.4 8.4 0.5 2.8
2025-26*
*Provisional.
Y-o-Y is calculated over the corresponding financial year of previous year
Annex II
Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2011-12=100
Index
Natural Refinery Overall
Sector Coal Crude Oil Fertilizers Steel Cement Electricity
Gas Products Index
Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00
Aug-24 138.2 75.7 77.4 134.0 137.5 206.6 177.4 212.3 156.3
Sep-24 151.8 72.0 75.8 134.1 134.8 202.0 178.8 206.9 155.4
Oct-24 186.0 74.6 79.3 135.5 136.9 212.9 187.2 207.8 162.4
Nov-24 199.6 73.9 75.7 138.4 136.2 212.9 177.0 184.1 159.1
Dec-24 215.1 77.9 78.1 149.1 139.8 221.8 211.7 192.8 169.4
Jan-25 229.8 77.9 78.1 147.2 139.0 228.1 219.7 201.7 173.8
Feb-25 215.6 69.7 70.0 133.5 124.9 216.8 215.1 194.0 163.0
Mar-25 260.2 77.4 69.2 147.3 126.9 238.9 246.2 219.5 182.9
Apr-25 179.3 74.2 74.1 131.7 112.9 219.2 204.5 215.7 163.3
May-25 189.8 76.5 75.9 143.3 127.9 225.3 209.0 218.5 170.2
Jun-25 173.7 73.5 73.7 138.6 132.4 223.8 214.7 220.1 167.3Jul-25 143.0 75.6 75.5 141.7 141.6 239.1 194.8 228.4 168.9
Aug-25* 153.9 74.8 75.7 138.0 143.8 235.9 188.3 218.8 166.1
*Provisional
Growth Rates (on Y-o-Y basis in per cent)
Natural Refinery Overall
Sector Coal Crude Oil Fertilizers Steel Cement Electricity
Gas Products Growth
Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00
Aug-24 -8.1 -3.4 -3.6 -1.0 3.2 4.1 -2.5 -3.7 -1.5
Sep-24 2.6 -3.9 -1.3 5.8 1.9 1.8 7.6 0.5 2.4
Oct-24 7.8 -4.8 -1.2 5.2 0.4 5.7 3.1 2.0 3.8
Nov-24 7.5 -2.1 -1.9 2.9 2.0 10.5 13.1 4.4 5.8
Dec-24 5.3 0.6 -1.8 2.8 1.7 7.3 10.3 6.2 5.1
Jan-25 4.6 -1.1 -1.5 8.3 3.0 4.7 14.3 2.3 5.1
Feb-25 1.7 -5.2 -6.0 0.8 10.2 6.9 10.7 3.6 3.4
Mar-25 1.6 -1.9 -12.7 0.2 8.8 8.7 12.2 7.5 4.5
Apr-25 3.5 -2.8 -0.9 -4.5 -4.2 4.4 6.3 1.7 1.0
May-25 2.8 -1.8 -3.6 1.1 -5.9 7.4 9.7 -4.7 1.2
Jun-25 -6.8 -1.2 -2.8 3.4 -1.2 9.7 8.2 -1.2 2.2
Jul-25 -12.3 -1.3 -3.2 -1.1 2.0 16.6 11.6 3.7 3.7
Aug-25* 11.4 -1.2 -2.2 3.0 4.6 14.2 6.1 3.1 6.3
*Provisional.
Y-o-Y is calculated over the corresponding financial year of previous year
***
Abhishek Dayal/Abhijith Narayanan
(Release ID: 2169646)