Question: Which of the following is not true regarding core industries in India?
(a) steel has the maximum share in IIP
(b) eight core industries comprises 40.27 percent of the IIP
(c) highest growing sector is cement industry
(d) core sector growth has registered 4.3% growth in September, 2018
Answer: (a)
Related facts:
- The eight core industries comprise 40.27 per cent of the weight of items included in Index of Industrial production (IIP).
- The overall growth in the index can be attributed to the considerable growth in the production of cement, electricity generation, refinery and coal sectors. Crude oil and natural gas were the only sectors to register decline in production.
- The combined IIP of Eight Core Industries for September 2018 grew by 4.3%. The combined Index of Eight Core Industries stood at 127.2 in September, 2018, which was 4.3% higher as compared to the index of September, 2017.
- Its cumulative growth during April to September, 2018-19 was 5.5%.
- Industries that recorded growth are as follows:
| Coal production | 6.4% | Petroleum Refinery production 2.5% |
| Fertilizers | 2.5% | Steel production 3.2% |
| Cement | 11.8% | Electricity generation 8.2% |
- Industries that recorded negative growth are as follows:
| Crude oil | -4.2% | Natural gas -1.8% |
Links:
http://www.careratings.com/upload/NewsFiles/SplAnalysis/Core%20Sector%20Growth%20in%20September%202018.pdf
https://www.thehindubusinessline.com/economy/core-sector-growth-jumps-52-in-sept-fastest-pace-this-fiscal/article9935107.ece
http://pib.nic.in/newsite/PrintRelease.aspx?relid=184505