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Core Industry

Discussion

What is Core Industry?

  • Core industry are main industry which has a reproduce effect in the economy, this industry are  seems as backbone of all other industries and it termed as core industry.

The eight core industries are-

1. Coal

2. Crude oil

3. Natural Gas

4.Petroleum refinery products

5.Fertilizer

6.Cement

7.Steel

8.Electricity generation


Value Added Information

  • The data issued By Ministry of Commerce and Industry on production of eight core industries via, Index of Industrial Production (IIP), The current base year for the index of the series is 2011-12=100.


  • This eight industries comprise 40.20 per cent of the weight of the items included in the Index of Industrial Production.

 

Index of Industrial Production (IIP)


  • IIP is an index which details out the growth of various sectors in an economy such as mineral mining, electricity, manufacturing.

  • It is compiled and published monthly by the Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation six weeks after the reference month ends.


  • The Base Year of the Index of Eight Core Industries has been revised from the year 2004-05 to 2011-12.

Keywords
Topic GS-3: Growth and Development, Inclusive Growth, Industrial Growth, Industrial Development in India.