India's combined Index of Eight Core Industries (ICI) slowed to 0.5% year-on-year in May 2026, as against 1.8% in April, according to provisional data released by the government
The production of steel, cement and electricity recorded positive growth during the month compared with May 2025.
The Index of Eight Core Industries comprises coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
The final growth rate of the Index of Eight Core Industries for April 2026 was revised to 1.8%. The cumulative growth rate of the index during April-May 2026-27 stood at 1.1% (provisional) compared with the corresponding period of the previous year.