Overview
- The Commerce and Industry Ministry published a revised Index of Core Industries with 2022-23 as the new base and added iron ore, producing a provisional June 2026 year‑on‑year growth of 5%, a five‑month high reported on Monday.
- Iron ore was the strongest contributor with a 43.9% jump in June while cement and electricity each rose 9.8%, together driving most of the monthly gain.
- Several energy and fertiliser lines contracted in June under the new series, with natural gas down 7.4%, refinery products down 4.7%, crude oil down 4.2% and fertilisers down 3.3%.
- Methodological changes include using gross steel output, measuring only raw coal, and new sector weights that raise electricity’s share to about 30.93% and assign iron ore roughly 4.905%, while cutting coal’s weight sharply.
- The rebasing materially revises past figures — lowering 2024‑25 growth and raising 2025‑26 — and will affect how policymakers, investors and analysts read short‑term industrial momentum until subsequent monthly releases confirm whether June’s gains persist.