The growth in the eight core industries has increased to 5-month high in March 2019. This is attributed to recovery in sectors such as cement, refinery products, steel, and coal.
About Index of Eight Core Industries
- In India, there are eight core sectors comprising of coal, crude oil, natural gas, petroleum refinery products, fertilizers, steel, cement, and electricity.
- The eight core industries constitute 40.27% of the total index of industrial production (IIP).
- This index is prepared by Office of the Economic Advisor, Ministry of Commerce of and Industry and is published monthly with the base year as 2011-12.
- Highest Weight: Petroleum Refinery production. Lowest Weight: Fertilizers production.
Sources:The Hindu