Upto 60% Off on UPSC Online Courses

Avail Now
  »   Current Affairs   »   Core Sectors Growth

Core Sectors Growth

August 1, 2023

GS Paper III Indian Economy

Context:

In June 2023, seven out of the eight core sectors, which make up the Index of Industrial Production, experienced an increase in their performance.

About 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. 
  • Publication: It is  published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.
  • Base Year: 2011-12
  • It 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.

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 (in decreasing order of weightage) : 
    • Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.

Significance of IIP:

  • It is used by government agencies, the Reserve Bank of India, etc, for policy-making decisions.
  • It helps in the calculation of the quarterly and advance GDP (Gross Domestic Product) estimates.
Index of Industrial Production vs Annual Survey of Industries (ASI)

  • While the IIP is a monthly indicator, the Annual Survey of Industries (ASI) is the prime source of long-term industrial statistics. 
  • The ASI is used to track the health of the industrial activity in the economy over a longer period. The index is compiled out of a much larger sample of industries compared to IIP.

News Source : The Hindu

Print Friendly, PDF & Email

To get PDF version, Please click on "Print PDF" button.

Print Friendly, PDF & Email

Recent Editorial

UNION BUDGET 2024-25

The Issues With State-Sponsored Street Art

How children win with U-WIN, Govt’s new online v...

Benefits Of The Domestic Silk Route

Cops Can’t Force, Supreme Court Pauses Kanwa...

From Madhya Rekha to Sindhu-Sarasvati: Major shift...

Popular current affairs

News in Shorts: 24 July 2024

Climate Finance Taxonomy

Budget 2024–25: Unemployment

Supreme Court Split Verdict on GM Mustard Approval

Corridor Projects Announced for Bihar’s Vishnupa...

Webb Telescope On Cosmic Brown Dwarfs

Our Courses

Our Courses

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

# #
      
Subscribe our Newsletter
Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
*Promise! We won't spam you.
Yes! I want to Subscribe.

Contact Details

G-Floor,4-B Pusha Road, New Delhi, 110060

Download Our App

# #

 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

# #
      
Follow Us:
Subscribe our Newsletter
Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
*Promise! We won't spam you.
Yes! I want to Subscribe.

Contact Details

Download Our App

# #

 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key
Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">







    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.