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Q64 (IAS/2012) Economy › Industry, Infrastructure & Investment › Industrial growth trends Answer Verified

In India, in the overall Index of Industrial Production, the Indices of Eight Core Industries have a combined weight of 37.90%. Which of the following are among those Eight Core Industries? 1. Cement 2. Fertilizers 3. Natural gas 4. Refinery products 5. Textiles Select the correct answer using the codes given below:

Result
Your answer: —  Â·  Correct: C
Explanation

The Index of Eight Core Industries (ICI) measures the performance of eight specific sectors that are considered the backbone of the Indian economy. These industries include Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity [2]. According to official data, these eight industries collectively comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP) [4]. Among the options provided, Cement (1), Fertilizers (2), Natural Gas (3), and Refinery Products (4) are all part of the core sector list [1]. Textiles (5), while a significant contributor to India's manufactured goods and exports, is not classified as one of the eight core industries. Therefore, only items 1, 2, 3, and 4 are correct constituents of the Eight Core Industries.

Sources

  1. [1] https://www.pib.gov.in/PressReleasePage.aspx?PRID=2060311
  2. [2] https://www.pib.gov.in/PressReleasePage.aspx?PRID=2181272
  3. [4] Geography of India ,Majid Husain, (McGrawHill 9th ed.) > Chapter 12: Transport, Communications and Trade > Table 12.7 > p. 47
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SIMILAR QUESTIONS

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