IAS Gyan

Daily News Analysis

Core Sector

30th October, 2021 Polity

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Context:

  • Output from India’s eight core sectors grew 4.4% in September, the slowest pace of year­-on-­year growth in se­ven months.

About Core Sector:

  • The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade releases Index of Eight Core Industries (ICI).
  • ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity.
  • The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).