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Core sectors
May 6 , 2020
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- The output of the core industries has reduced by 6.5% in the month of March.
- The Data was released by the Ministry of Commerce and Industry.
- This is the sharpest reduction since 2012.
- The core sectors of India include crude oil, steel, natural gas, refinery product, cement, fertilizer, electricity and coal.
- The eight crore industries have a weight of 40.27% in the Index of Industrial Production.
- The Index of Industrial Production (IIP) is published by the Central Statistical Organization.
- The IIP indicator measures broad sectors namely mining, electricity and manufacturing.
- The IIP is calculated with 2004-05 as the base year.
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