Core sector: UPSC Daily Important Topic | 9 June 2023

Core sector

✓The core sector in India consists of eight industries that have a major impact on the overall economic and industrial activities.

✓They are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.

✓These industries have a combined weight of 40.27% in the

Index of Industrial Production ( IIP ) which measures the growth rate of different industry groups in the economy.

✓The core sector represents the capital base and infrastructure of the economy. The performance of these industries influences other sectors as well.