Index of Eight Core Industries
Index of Eight Core Industries (Base year: 2011-12):
- It is released by Ministry of Commerce and Industry.
- It is a monthly production index, which is also considered as a lead indicator of the monthly industrial performance.
- The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
- Refinery products (28.04%)
- Electricity (19.85%)
- Steel (17.92%)
- Coal (10.33%)
- Crude oil (8.98%)
- Natural gas (6.88%)
- Cement (5.37%)
- Fertilisers (2.63%)
The Index of Industrial Production (IIP):
- It details out the growth of various sectors in an economy such as mineral mining, electricity and manufacturing.
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- It is an all India composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period.
- It is compiled and published monthly by the central statistical organisation (CSO), Ministry of Statistics and Programme Implementation.
- Following are the three sectors of the IIP as per the revision based on 2011-12 series.
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