Economics • Indian EconomyMedium
Which of the following sectors holds the highest weightage in the 'Index of Eight Core Industries (ICI)' compiled in India?
A. Refinery Products✓ Correct Answer
B. Electricity
C. Steel
D. Coal
💡 Solution & Explanation
Petroleum refinery products hold the maximum weightage among the eight core infrastructure industries that constitute the Index of Eight Core Industries in India, reflecting the high domestic demand for energy and fuel. Other vital sectors like steel, coal, and electricity carry substantial weightage but rank lower than refined petroleum products in the official index calculation. The Index of Eight Core Industries serves as a leading economic indicator and comprises nearly forty percent of the total weight of the broader Index of Industrial Production.
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