The government is set to unveil a revamped Index of Core Industries on 20 July, using 2022–23 as the base year. The revision updates how the index is compiled and reflects changes in the sectoral basket used to track performance across major parts of India’s industrial output. According to reports, the revised index will add Iron Ore as an additional sector, bringing the total number of sectors in the basket to nine. The update is also described as an effort to align the index more closely with key macroeconomic indicators. Once released, the revised index will replace the earlier base-year framework for calculating and interpreting trends in core industry production. Both outlets indicate the same timing and the same main features of the update: release on 20 July, adoption of a 2022–23 base year, and inclusion of Iron Ore as the ninth sector. No other specific policy implications or figures for index revisions were provided in the excerpts.
Government to release revised Index of Core Industries on 20 July
The government is set to unveil a revamped Index of Core Industries on 20 July, using 2022–23 as the base year. The revision updates how the index is compiled and reflects changes in the sectoral bask...
- The revised Index of Core Industries will be released on 20 July.
- The revised index uses 2022–23 as its base year.
- Iron Ore is added to the basket of core industries.
- The updated basket includes nine sectors.
- The revision is described as aligning the index with key macroeconomic indicators.
Revised Index of Core Industries with 2022-23 as the base year will be released on July 20, adding Iron Ore to the basket and aligning it with key macroeconomic indicators
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