Table of Contents
Context: Production in India’s eight core infrastructure sectors remained largely dampened by the impact of a slowdown in state spending on public works.
Core Sector Industries
- In India, there are eight core sectors comprising coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity.
- The performance of this core sector is viewed as a crucial indicator of a nation’s industrial and economic health.
- These eight core industries constitute 27% of the total index of industrial production (IIP).
Index Of Eight Core Industries (ICI)
- It is prepared by the Office of the Economic Advisor, Ministry of Commerce and Industry and is published monthly, with the base year being 2011-12.
- Components to calculate the ICI:
- Coal: Coal production, excluding Coking coal.
- Electricity: Electricity generation from thermal, nuclear, and hydro sources, and imports from Bhutan.
- Crude Oil: Total crude oil production.
- Cement: Production in both large plants and mini plants.
- Natural Gas: Total production of natural gas.
- Steel: Production of alloy and non-alloy steel only.
- Refinery Products: Total refinery production.
- Fertiliser: Production of urea, ammonium sulphate, calcium ammonium nitrate, complex grade fertiliser, single superphosphate, among others.
- Weightage of different sectors in the Index:
- Highest Weightage: Refinery products
- Lowest Weightage: Fertilisers
| The Fact |
| The Index of Eight Core Industries is published by the Office of Economic Advisor, Ministry of Commerce and Industry, While CSO, Ministry of Statistics and Program Implementation publish the Index of Industrial Production (IIP). |
| UPSC PYQ |
| Q. In the ‘Index of Eight Core Industries’, which one of the following is given the highest weight? (2015)
(a) Coal production (b) Electricity generation (c) Fertiliser production (d) Steel production Answer: B |
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