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Context: India’s eight core sectors’ output growth reached a three-month high in February.
Index Of Eight Core Industries
- In India there are eight core sectors comprising coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity.
- These eight core industries constitute 40.27% of the total index of industrial production (IIP).
- This index is prepared by the Office of the Economic Advisor, Ministry of Commerce and Industry and is published monthly with the base year as 2011-12.
- Weightage of different sectors in the Index:
- Highest Weightage: Refinery products.
- Lowest Weightage: Fertilisers.
- Note: It is noted that Index of Industrial production (IIP) is published by CSO, Ministry of Statistics and Program implementation while Index of Eight core Industries is published by Office of Economic Advisor, Ministry of Commerce and Industry.
