Current Affairs

Core Sector

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Why in News?

India’s core sector output rose to a three-month high of 6.7% in February.

What is Core Sector?

» It comprises eight core industries namely cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel.

» The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

IIP (Index of Industrial Production):

1. IIP is an index that indicates the performance of various industrial sectors of the Indian economy.

2. List of sectors: Use-based sectors like capital goods, basic goods, intermediate goods, infrastructure goods, consumer durables, and consumer non-durables.

3. It is calculated and published by the Central Statistical Organization (CSO) every month.

4. Base year : 2011-12

Core Sector (UPSC)