News: The cumulative growth rate of the Index of Eight Core Industries (ICI) during April-March was 10.4% (provisional) as compared to the last Financial Year. The combined Index of Eight Core Industries stood at 157.3 in March 2022, which increased by 4.3 percent (provisional) as compared to the Index of March 2021.
| Utility: UPSC, JPSC, BPSC Prelims & Mains Section: Economy / Sectors of Economy / Manufacturing |
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Key Points
- The final growth rate of the Index of Eight Core Industries for December 2021 is revised to 4.1% from its provisional level of 3.8%.
- The production of Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity industries increased in March 2022 over the corresponding period.
About Core Industries
- ICI measures combined and individual performance of production in selected eight core industries.
- The core industries are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity.
- The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
