According to official data released by the government, Growth of eight core industries dropped to 2.1% in July mainly due to a contraction in coal, crude oil, natural gas and refinery products.
Eight Core Industries are
1.Coal
2.Crude Oil
3.Cement
4. Steel
5. Fertilisers
6. Electricity
7. Natural gas
8. Refinery Products
They have a 40.27% weight in the Index of Industrial Production (IIP).
IIP is a “key economic indicator” of the manufacturing sector of the economy.
IIP data is compiled and published by Central Statistical Organisation every month.