• Admin

Current Affairs, 01-07-2020, The output of eight core sector industries shrank 23% in May 2020

This data is released by commerce and industry ministry

Eight core sectors with decrease in percentage are

· Petroleum refinery production (carries the greatest weight in the core sector index), -21%

· steel, -48.4%

· Coal, -14%

· Crude oil, -7%

· Natural gas, -16.8%

· Cement, -22%

· Electricity generation, -15.6%

· Fertilizer, +7.5%

Core sector index

· The eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

· The eight Core Industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.

Index of Industrial Production

  • The Index of Industrial Production (IIP) is an index which details out the growth of various sectors in an economy such as mineral mining, electricity,manufacturing, etc.

  • It is compiled and published monthly by the Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation six weeks after the reference month ends, i.e a lag of six weeks.

  • The Base Year of the Index of Eight Core Industries has been revised from the year 2004-05 to 2011-12 from April, 2017.

0 views0 comments

Recent Posts

See All

Current Affairs, 19-07-2020, MALABAR EXERCISE

MALABAR EXERCISE India is prepared to expand the Malabar trilateral naval exercise involving India, the U.S. and Japan, to permanently include Australia. About Ex. Malabar Exercise Malabar is a trilat

Current Affairs, 19-07-2020, KURMA app

World Turtle Day was founded by the American Tortoise Rescue (ATR), a non-profit organization committed to the protection of all turtles and tortoise alike. In 2002, the rescue announced World Turtle

Current Affairs, 17-07-2020,Maternal Mortality Ratio

Maternal Mortality Ratio As per WHO, Maternal death is the death of a woman while pregnant or within 42 days of termination of pregnancy, irrespective of the duration and site of the pregnancy, from a