EIGHT CORE INDUSTRIES (Syllabus: GS Paper 3 – Economy)

News-CRUX-10     1st September 2023        
output themes

Context: The combined Index of Eight Core Industries (ICI) increased by 8.0% (provisional) in July 2023 as compared to the Index of July 2022. The production of Coal, Steel, Natural Gas, Cement, Electricity, Refinery Products, Fertilizers and Crude Oil increased in July 2023 over the corresponding month of last year.

Combined Index of Eight Core Industries

  • The ICI evaluates both collective and individual performance within the production of eight essential industries. 
  • Core Industries: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity. 
  • These Eight Core Industries constitute 40.27% of the overall weight in the Index of Industrial Production (IIP). 
  • Released By: The Office of Economic Adviser (OEA) under the Department for Promotion of Industry and Internal Trade (DPIIT), part of the Ministry of Commerce and Industry.
  • Base Year: 2011 -012
  • These indices offer advanced insights into the production performance of industries classified as 'core' prior to the IIP assessment.