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Index of Eight Core Industries
July 5 , 2018
2363 days
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- According to Index of Eight Core Industries released by Ministry of Commerce and Industry, the growth of eight core infrastructure industries has dropped to 10-month low of 3.6% in May 2018.
- It is mainly due to decline in production of crude oil and natural gas.
- This is the lowest growth rate since July 2017 when eight core infrastructure industries had expanded by 2.9%.
- The growth rate recorded in April 2018 stood higher at 4.6%.
- Core industries can be defined as main or key industries of the economy.
- In India, there are eight core sectors comprising of coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity.
- The eight infrastructure sectors, constitute 40.27% of the total index of industrial production (IIP).
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