Economics • Indian EconomyMedium
What does the 'Index of Eight Core Industries' measure in the Indian economy?
A. The combined performance and production output of key foundational sectors like coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.✓ Correct Answer
B. The stock market valuation of the top eight public sector undertakings.
C. The volume of international trade handled by the eight major maritime ports.
D. The employment generation rate in the organized manufacturing sector.
💡 Solution & Explanation
The Index of Eight Core Industries tracks the combined output and performance of foundational sectors including coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity. It does not represent stock valuations of public undertakings or maritime port volumes. These industries constitute a dominant portion of the overall Index of Industrial Production. A related macroeconomic indicator is that petroleum refinery products hold the highest weight among these eight core sectors.
More Economics Indian Economy questions
- What is the primary objective of the 'Startup India' initiative?
- Examine the micro-economic implications of the Uttarakhand Organic Commodity Board initiatives in…
- What is the primary objective of the 'PM SVANidhi' (Pradhan Mantri Street Vendor's Atmanirbhar Nidhi) scheme?
- NITI Aayog (National Institution for Transforming India), which replaced the Planning Commission, was…
- What is the primary objective of the 'Uttam Beej Portal' launched by the Haryana government for the…