INDEX OF EIGHT CORE INDUSTRIES (BASE YEAR: 2011-12=100) FOR OCTOBER, 2025

Ministry of Commerce & Industry INDEX OF EIGHT CORE INDUSTRIES (BASE

YEAR: 2011-12=100) FOR OCTOBER, 2025

Posted On: 20 NOV 2025 5:00PM by PIB Delhi The combined Index of Eight Core Industries (ICI) in October 2025 has remained unchanged at

162.4 (provisional) as compared to the Index in October, 2024. The production of Fertilizer, Steel, Cement and Petroleum Refinery products recorded positive growth in October, 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 September 2025 was observed at 3.3 per cent. The cumulative growth rate of ICI during April to October, 2025-26 is 2.5 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) declined by 8.5 per cent in October, 2025 over October, 2024. Its cumulative index declined by 2.0 per cent during April to October, 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 October, 2025 over October, 2024. Its cumulative index declined by 1.1 per cent during April to October, 2025-26 over corresponding period of the previous year.

Natural Gas - Natural Gas production (weight: 6.88 per cent) declined by 5.0 per cent in October, 2025 over October, 2024. Its cumulative index declined by 3.1 per cent during April to October, 2025-26 over corresponding period of the previous year.

Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) increased by 4.6 per cent in October, 2025 over October, 2024. Its cumulative index increased by 0.4 per cent during April to October, 2025-26 over corresponding period of the previous year.

Fertilizers - Fertilizer production (weight: 2.63 per cent) increased by 7.4 per cent in October, 2025 over October, 2024. Its cumulative index increased by 0.7 per cent during April to October, 2025-26 over corresponding period of the previous year.Steel - Steel production (weight: 17.92 per cent) increased by 6.7 per cent in October, 2025 over October, 2024. Its cumulative index increased by 10.3 per cent during April to October, 2025-26 over corresponding period of the previous year.

Cement - Cement production (weight: 5.37 per cent) increased by 5.3 per cent in October, 2025 over October, 2024. Its cumulative index increased by 7.3 per cent during April to October, 2025-26 over corresponding period of the previous year.

Electricity - Electricity generation (weight: 19.85 per cent) declined by 7.6 per cent in October, 2025 over October, 2024. Its cumulative index declined by 0.1 per cent during April to October, 2025-26 over corresponding period of the previous year.

Note 1: Data for September, 2025 is Final. Data for October, 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.

Note 5: Release of the index for November, 2025 will be on Monday, 22nd December, 2025.

Annex I Performance of Eight Core Industries Yearly Index & Growth Rate

Base Year: 2011-12=100 Index Sector Coal Crude Natural Refinery Fertilizers Steel Cement Electricity Ov Oil Gas Products Ind Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100 2012- 103.2 99.4 85.6 107.2 96.7 107.9 107.5 104.0 103 13 2013- 104.2 99.2 74.5 108.6 98.1 115.8 111.5 110.3 106 142014- 112.6 98.4 70.5 108.8 99.4 121.7 118.1 126.6 111 15 2015- 118.0 97.0 67.2 114.1 106.4 120.2 123.5 133.8 115 16 2016- 121.8 94.5 66.5 119.7 106.6 133.1 122.0 141.6 120 17 2017- 124.9 93.7 68.4 125.2 106.6 140.5 129.7 149.2 125 18 2018- 134.1 89.8 69.0 129.1 107.0 147.7 147.0 156.9 131 19 2019- 133.6 84.5 65.1 129.4 109.8 152.6 145.7 158.4 131 20 2020- 131.1 80.1 59.8 114.9 111.6 139.4 130.0 157.6 123 21 2021- 142.3 77.9 71.3 125.1 112.4 163.0 156.9 170.1 136 22 2022- 163.5 76.6 72.4 131.2 125.1 178.1 170.6 185.2 146 23 2023- 182.7 77.1 76.8 135.9 129.8 200.4 185.7 198.3 157 24 2024- 192.0 75.4 75.9 139.7 133.5 214.1 197.4 208.6 164 25 Apr- 169.1 75.4 77.1 137.2 133.7 207.2 185.6 215.9 161 Oct 2024- 25 Apr- 165.7 74.6 74.7 137.7 134.7 228.6 199.2 215.6 165 Oct 2025- 26**Provisional Growth Rates (on Y-o-Y basis in per cent) Sector Coal Crude Natural Refinery Fertilizers Steel Cement Electricity Ov Oil Gas Products Gr Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100 2012- 3.2 -0.6 -14.4 7.2 -3.3 7.9 7.5 4.0 3.8 13 2013- 1.0 -0.2 -12.9 1.4 1.5 7.3 3.7 6.1 2.6 14 2014- 8.0 -0.9 -5.3 0.2 1.3 5.1 5.9 14.8 4.9 15 2015- 4.8 -1.4 -4.7 4.9 7.0 -1.3 4.6 5.7 3.0 16 2016- 3.2 -2.5 -1.0 4.9 0.2 10.7 -1.2 5.8 4.8 17 2017- 2.6 -0.9 2.9 4.6 0.03 5.6 6.3 5.3 4.3 18 2018- 7.4 -4.1 0.8 3.1 0.3 5.1 13.3 5.2 4.4 19 2019- -0.4 -5.9 -5.6 0.2 2.7 3.4 -0.9 0.9 0.4 20 2020- -1.9 -5.2 -8.2 -11.2 1.7 -8.7 -10.8 -0.5 -6.4 21 2021- 8.5 -2.6 19.2 8.9 0.7 16.9 20.8 8.0 10.

22 2022- 14.8 -1.7 1.6 4.8 11.3 9.3 8.7 8.9 7.8 232023- 11.8 0.6 6.1 3.6 3.7 12.5 8.9 7.1 7.6 24 2024- 5.1 -2.2 -1.2 2.8 2.9 6.8 6.3 5.2 4.5 25 Apr- 6.2 -2.5 1.4 2.7 1.6 6.2 1.9 5.4 4.3 Oct 2024- 25 Apr- -2.0 -1.1 -3.1 0.4 0.7 10.3 7.3 -0.1 2.5 Oct 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 Sector Coal Crude Natural Refinery Fertilizers Steel Cement Electricity Ov Oil Gas Products Ind Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100 Oct-24 186.0 74.6 79.3 135.5 136.9 212.9 187.2 207.8 162 Nov-24 199.6 73.9 75.7 138.4 136.2 212.9 177.0 184.1 159 Dec-24 215.1 77.9 78.1 149.1 139.8 221.8 211.7 192.8 169 Jan-25 229.8 77.9 78.1 147.2 139.0 228.1 219.7 201.7 173 Feb-25 215.6 69.7 70.0 133.5 124.9 216.8 215.1 194.0 163Mar- 260.2 77.4 69.2 147.3 126.9 238.9 246.2 219.5 182 25 Apr-25 179.3 74.2 74.1 131.7 112.9 219.2 204.5 215.7 163 May- 189.8 76.5 75.9 143.3 127.9 225.3 209.0 218.5 170 25 Jun-25 173.7 73.5 73.7 138.6 132.4 223.8 214.7 220.1 167 Jul-25 143.0 75.6 75.5 141.7 141.6 239.1 194.8 228.4 168 Aug- 153.9 77.5 75.7 138.0 143.8 234.6 186.9 221.1 166 25 Sep-25 150.0 71.1 72.9 129.2 137.0 231.0 187.7 213.3 160 Oct- 170.1 73.7 75.3 141.7 147.0 227.1 197.1 192.1 162 25* *Provisional Growth Rates (on Y-o-Y basis in per cent) Sector Coal Crude Natural Refinery Fertilizers Steel Cement Electricity Ov Oil Gas Products Gr Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100 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- 1.6 -1.9 -12.7 0.2 8.8 8.7 12.2 7.5 4.5 25Apr-25 3.5 -2.8 -0.9 -4.5 -4.2 4.4 6.3 1.7 1.0 May- 2.8 -1.8 -3.6 1.1 -5.9 7.4 9.7 -4.7 1.2 25 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- 11.4 2.4 -2.2 3.0 4.6 13.6 5.4 4.1 6.5 25 Sep-25 -1.2 -1.3 -3.8 -3.7 1.6 14.4 5.0 3.1 3.3 Oct- -8.5 -1.2 -5.0 4.6 7.4 6.7 5.3 -7.6 0.0 25* *Provisional.

Y-o-Y is calculated over the corresponding financial year of previous year *** Abhishek Dayal (Release ID: 2192137) Visitor Counter : 725

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