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India's Index of Eight Core Industries (ICI) rose by 3 per cent in September 2025 compared to the same month last year, driven by strong performances in steel, cement, electricity, and fertilisers, according to provisional data released by the Ministry of Commerce and Industry.

Given that the ICI accounts for over 40% of the weight in the overall Index of Industrial Production (IIP), this 3% rise points toward a positive, yet mixed, performance for the industrial sector, tempered by declines observed across the key energy sectors, including crude oil, natural gas, and petroleum refinery products.

The 3 per cent growth in India's Index of Eight Core Industries (ICI) for September 2025 signifies a moderate expansion in the fundam

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