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Recent Current Affairs related to IIP

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28 July 2026 ECONOMY

The Office of Economic Adviser (OEA) under the Ministry of Commerce and Industry (MoCI) has released a revised series of the Index of Core Industries (ICI), transitioning the base year from 2011-12 to 2022-23.

The revised ICI series now incorporates 'iron ore' as a core industry, increasing the total count of core industries from eight to nine. The other 8 core industries are coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity.

21 July 2026 ECONOMY

The Ministry of Statistics and Programme Implementation (MoSPI) has launched India's first trial Index of Services Production (ISP) for April 2026. This high-frequency monthly indicator serves as the services-sector counterpart to the Index of Industrial Production (IIP).

The trial series uses 2024-25 as the base year and is structured according to the National Industrial Classification (NIC), 2025. The ISP covers 19 service sub-sectors, with updates scheduled to be released on the 29th of every month.

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