Context:
Core sector output grew 8.1% in September
Index of Eight Core Industries (ICI):
- The ICI measures combined and individual performance of production of 8 core industries
- 8 Core Industries – Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel.
- The 8 Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
- Decreasing order of weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers
- IIPReleased by: National Statistical Office (NSO) under MoSPI
Read about Industrial Production (IIP)
Source: The Hindu
Previous year question
In the ‘Index of Eight Core Industries’, which one of the following is given the highest weight? [UPSC Civil Services Exam – Prelims 2015]
(a) Coal production
(b) Electricity generation
(c) Fertilizer production
(d) Steel production
Previously, Electricity was having the highest weightage. Currently, Refinery Products has the highest weightage.
