For all defence aspirants core sector growth slows-NCA ACADEMY

Core Sector Growth Slows

The Government Has Released Data On Output Growth Of Eight Core Industries ‘Which Fell For The Second Straight Month To Touch 2.6 % In December 2018.

Core Industries

Core Industries Are The Main Industries Of An Economy, In Most Countries ,The Core Industry Serves As The Backbone Of All Other Industries.

The Eight Core Industries Of India In Decreasing Order Of Their Weightage Are Refinery Products> Electricity> Steel>Core>Crude Oil>Natural Gas>Cement>Fertilizers.

The Eight Core Industries Comprise 40.27% Of The Weight Of Items Included In The Index Of Industrial Production (IIP). Earlier In July 2018, A Report By V.K Sara Swat (NITI Aayog Member) Had Recommended That The Government Should Consider Classifying The Aluminium Sector As India’s Ninth Core Industry.

The Base Year Of The Index Of Eight Industries Has Been Revised To 2011-12 From April 2017.

Index Of Industrial Production

The Index Of Industrial Production (IIP) Is An Index Which Details Out The Growth Of Various Sectors In An Economy Such As Mineral Mining Electricity, Manufacturing Etc.

It Is Compiled And Published By The Central Statistical Organisation (CSO) ,Ministry Of Statistics And Programme Implementation.