Question
With reference to the Index of Eight Core Industries
(ICI), consider the following statements: 1. The Eight Core Industries together account for more than 40% of the weight of the Index of Industrial Production (IIP). 2. In April 2025, Coal, Steel, Cement, Electricity, and Natural Gas registered positive growth. 3. Fertilizer and Refinery Products both showed negative growth in April 2025, though their cumulative annual growth remained positive. 4. Crude Oil and Natural Gas both recorded a cumulative decline in 2024–25. Which of the statements given above is/are correct?Solution
• Statement 1 – Correct: The Eight Core Industries collectively account for 40.27% of the IIP weight, making them a strong indicator of overall industrial performance. • Statement 2 – Correct: The April 2025 data shows that Coal, Cement, Steel, Electricity, and Natural Gas recorded positive growth compared to April 2024. • Statement 3 – Correct: o Fertilizer: Fell by 4.2% in April, but had a 2.9% cumulative annual rise. o Refinery Products: Declined by 4.5% in April, but showed 2.8% cumulative growth for the year. Hence, the statement is correct. • Statement 4 – Correct: o Crude Oil: Output declined 2.8% in April, and 2.2% cumulatively. o Natural Gas: Rose 0.4% in April, but recorded a 1.2% cumulative decline. Thus, both recorded a cumulative decline. Therefore, all four statements are correct.
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