How many industries are classified as 'Core Industries' for the purpose of calculating the Index of Industrial Production (IIP) in India?
- 6
- 8
- 10
- 12
Answer: 8
The Eight Core Industries (Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity) comprise over 40% of the weight of the items included in the IIP. They are considered leading indicators of overall industrial and economic activity.