India’s core sector grew by 6.1% in July 2024. The Index of Eight Core Sector Industries measures key sectors like cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. These sectors have a 40% weight in the Index of Industrial Production.
- Steel production growth reached a three-month high of 7.2%.
- Cement output hit a four-month high of 5.5%, reflecting increased construction activity.
- Petroleum production rose to an eight-month high of 6.6%.
- Fertilizer output was at a seven-month high of 5.3%, supported by strong kharif sowing due to a better monsoon.
- Coal output increased by 6.8%, and electricity generation rose by 7.0%.
Q.: What percentage of the Index of Industrial Production is contributed by the Eight Core Sector Industries?
(A) 30%
(B) 50%
(C) 35%
(D) 40%
Answer: (D) 40%
The Index of Eight Core Sector Industries measures key sectors like cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. These sectors have a 40% weight in the Index of Industrial Production.
