India’s Eight Core Sectors

In Context 

• The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade released the Index of Eight Core Industries (ICI) for the Month of March, 2022. 

Major Points 

• Output from India’s eight core sectors grew by 4.3% in March, moderately lower than the 6% growth recorded in February, but still reflecting the second highest growth rate over five months.   

Index of Eight Core Industries

• ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilisers, Steel, Cement and Electricity. 
• The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). 

Index of Industrial Production (IIP)

• The base year of the index has been revised to 2011-12 from 2004-05 in alignment with the new series of IIP.

Source:PIB