Economics • Indian EconomyMedium
What does the 'Index of Eight Core Industries' monitor in the Indian industrial sector?
A. The performance of critical infrastructure sectors including coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.✓ Correct Answer
B. The stock market valuation of the top eight multinational companies listed on the NSE.
C. The export earnings derived from the information technology and pharmaceutical sectors.
D. The total volume of retail transactions conducted through digital banking channels.
💡 Solution & Explanation
The Index of Eight Core Industries tracks the collective and individual performance of vital infrastructure sectors comprising coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity. These eight sectors hold a dominant weightage of over forty percent in the Index of Industrial Production, making them crucial leading indicators of macroeconomic activity.
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