Core sectors

  • October 30, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Core sectors

Subject – Economy

Context – Sept core sector growth drops to 4.4% YoY as rains affect infra activity

Concept –

  • Core industry can be defined as the main industry which has a multiplier effect on the economy.
  • In most countries, there is particular industry that seems to be backbone of all other industries and it qualifies to be the core industry.
  • The eight Core Industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.
  • The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

To know about IIP, please refer September 2021 DPN.

Core sectors economy