Economics • Indian EconomyMedium
Which of the following industries holds the highest weightage in the 'Index of Eight Core Industries (ICI)' compiled in India?
A. Steel
B. Electricity
C. Refinery Products✓ Correct Answer
D. Coal
💡 Solution & Explanation
Refinery products hold the highest weightage among the eight core industries in India, which also include electricity, steel, coal, crude oil, natural gas, cement, and fertilizers. The Index of Eight Core Industries measures combined and individual performance of production in these core sectors. It serves as a lead indicator of monthly industrial performance across the economy. Petroleum refinery products account for more than twenty-eight percent of the total weight in this index.
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