Context:
Output in India’s eight core infrastructure sectors that constitute about 40% of overall industrial production, grew at a four-month high pace of 4.3% in November, led by a 13% surge in cement, marking the sharpest rise in the key construction input’s production in well over a year.
Core Sector in India
The core sectors of India are the eight key industries that have a significant impact on the economy and other industries: electricity, steel, refinery products, crude oil, coal, cement, natural gas, and fertilizers.
The Index of Eight Core Industries (ICI)
The Index of Eight Core Industries (ICI) refers to the index of eight core industries: This is a monthly production index. Its performance measures eight sectors, regarded as the backbones of the economy and also its capital base. The ICI is, therefore, the lead indicator for monthly industrial performance, showing the growth rates in different industry groups.
