India revises Core Industries Index with new 2022-23 base year

India's Index of Core Industries will be revised with a 2022-23 base year.

The revised index adds Iron Ore as the ninth core industry.

The update refines data compilation methods for Steel and Coal.

The revision aligns the index's methodology with the broader Index of Industrial Production.

The new index will be released on July 20 by the Dept for Promotion of Industry and Internal Trade.