Rapid Fire
Recovery in Core Sectors
- 09 Dec 2024
- 1 min read
The output of India’s eight core sectors recorded a 3.1% year-on-year growth in October 2024, marking the highest performance in three months.
- However, this growth is relatively modest compared to the 12.7% seen in October 2023.
- Eight Core Sectors: It consists of cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.
- It accounts for over 40% of industrial production.
- The Index of Core Industries (ICI), a metric that measures the combined performance of production across eight key industries in India .
- The ICI is released monthly by the Office of the Economic Adviser (OEA), DPIIT, Ministry of Commerce & Industry.
- The current weightage of the eight core industries is: Petroleum Refinery Products (28.04%), Electricity (19.85%), Steel (17.92%), Coal (10.33%), Crude Oil (8.98%), Natural Gas (6.88%), Cement (5.37%), and Fertiliser (2.63%).
- The base year for the current ICI series is 2011-12.
Read More: Core Sector Industries.
