Which of the following is NOT one of the eight core industries used to calculate the Index of Industrial Production (IIP)?
- Coal
- Cement
- Textiles
- Refinery Products
Answer: Textiles
The eight core industries are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity. Textiles, despite being a major employment-generating sector, is not classified as a 'core' infrastructure industry for the purpose of the IIP's leading indicator metrics.