Question
Which of the following industries constitute the core
sector of ‘Index of Industrial Production (IIP)’? 1.Refinery Products 2.Electricity 3.Natural Gas 4.Cement Select the correct answer using the codes given below:Solution
Index of Industrial Production (IIP): IIP is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time. IIP is a composite indicator that measures the growth rate of industry groups classified under: Broad sectors, namely, Mining, Manufacturing and Electricity Use-based sectors, namely Basic Goods, Capital Goods and Intermediate Goods. Publication: It is published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation. Base Year: 2011-12 Eight Core Sectors: The eight core sector industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP) which includes: Refinery Products, Electricity, Steel, Coal, Crude Oil, Natural Gas, Cement, Fertilisers.
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