In the Index of Eight Core Industries, which one of the following is given the highest weight?
Correct Answer :
Electricity Generation
Solution :
The correct option is Electricity Generation.
The Index of Eight Core Industries (ICI) measures the collective and individual performance of production in eight core industries in India. These eight industries comprise Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity. They carry a combined weight of 40.27% in the Index of Industrial Production (IIP).
Among the given options, the individual weights of the industries are as follows:
- Refinery Products: ~28.04% (Highest overall)
- Electricity Generation: ~19.85% (Highest among the choices provided)
- Steel Production: ~17.92%
- Coal Production: ~10.33%
- Crude Oil Production: ~8.98%
- Natural Gas Production: ~6.88%
- Cement Production: ~5.37%
- Fertilizer Production: ~2.63% (Lowest overall)
Since "Refinery Products" is not listed in the options, Electricity Generation holds the highest weight among the choices provided.
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