In India, in the overall index of Industrial Production, the Indices of Eight Core Industries have a combined weight of 37.90%. Which of the following are among those Eight Core industries?1. Cement2. Fertilizer3. Natural Gas4. Refinery products5. TextilesSelect the correct answer using the codes given below:
✓ Correct answer: c) 1, 2, 3 and 4 only
ExplanationEight Core Industries measures combined and individ- ual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertil- izers, Steel, Cement and Electricity.As of 2024 Eight Core In- dustries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).These industries have a ma- jor impact on general economic activities and also industrial ac- tivities.They significantly impact most other industries as well.The capital basis of the economy is represented by the core sector.The IIP provides the economic growth rates for various industrial categories over a certain time period.81
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