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Core sector growth slows to 4.2% in August
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- The eight core sectors contribute 40 per cent to the Index of Industrial Production (IIP).
- Cement (weight of 5.37 per cent) posted the highest growth of 14.3 per cent in August over the same month last year.
- It is followed by electricity generation (weight of 19.85 per cent) which grew by 5.4 per cent.
- The output of crude oil and fertiliser declined 3.7% and 5.3%, respectively.
Core Sectors
- Core industry can be defined as the main industry of 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.
- In India, there are eight core sectors comprising of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
- The electricity has the maximum weight of 10.32% followed by Steel (6.68%), Petroleum Refinery (5.94%) with Fertilizer production (1.25%) having lowest weight.
Source
The Hindu, LiveMint.