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Rajnish
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Rajnish
Asked: September 29, 20202020-09-29T16:34:22+05:30 2020-09-29T16:34:22+05:30In: UPSC PRELIMS

Index of Eight Core Industries in India 2020.

Describe the index and status of India’s Eight Core Sectors of India in 2020.

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    1. Sweety

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      2020-09-29T16:55:57+05:30Added an answer on September 29, 2020 at 4:55 pm

      The output of India’s eight core industries in India shrinks by 6.5% in March 2020 amid coronavirus lockdown. 

      The Index of Eight Core Industries captures the output of

      • Coal
      • Crude oil
      • Natural gas
      • Steel
      • Cement
      • Fertilisers
      • Electricity
      • Refinery products

      Which has a 40.27% weight in the Index of Industrial Production (IIP).

      Weightages covered in Index of Eight Core Industries (ICI):

      1. Refinery Products (28.04%) 
      2. Electricity (19.85%)
      3. Steel (17.92%)
      4. Coal (10.33%)
      5. Crude Oil production (8.98%)
      6. Natural Gas (6.88%)
      7. Cement (5.37%)
      8. Fertilizers (2.63%).

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