Examine the composition of the Index of Eight Core Industries compiled in India. Which of the following sectors carries the highest individual weight within this index?

💡 Solution & Explanation

Refinery products carry the highest weightage within the Index of Eight Core Industries, followed by electricity generation, steel production, coal, crude oil, natural gas, cement, and fertilizers. The index serves as a lead indicator of monthly industrial performance, measuring output across foundational sectors that exert downstream impacts across the wider economy. These eight industries combined account for over forty percent of the weight of items included in the broader Index of Industrial Production. The Office of the Economic Adviser in the Department for Promotion of Industry and Internal Trade releases this data monthly.