Core Industries Weight in IIP
The Index of Industrial Production (IIP) measures the growth rate of different industry groups of the economy in a given period. The government tracks the performance of eight key sectors, referred to as 'core industries', as they represent a significant portion of the overall industrial output.
Weightage of Core Industries in IIP
These eight core industries include:
- Coal
- Petroleum Refinery products
- Natural gas
- Petrochemicals
- Fertilizers
- Steel
- Cement
- Electricity
Collectively, these core industries constitute a substantial part of the IIP. Their approximate combined weight in the IIP is around 40%.
This significant weightage means that the performance of these core sectors heavily influences the overall IIP figures, providing a key indicator of industrial activity.
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