According to a press release from the Commerce Ministry, the Index of Eight Core Industries (ICI) increased by 3.8% in December 2023 compared to the previous year . The release also stated that the production of coal, natural gas, steel, fertilizers, refinery products, cement, and electricity increased in December 2023 However, the growth of India's eight core sectors slowed to 3.8% in December 2023, which is a 14-month low. This is a significant decline from the 8.3% recorded in the same period the previous year The eight core industries in India make up 40.27% of the weight of items in the Index of Industrial Production (IIP). The IIP is a measure of the growth of various sectors of an economy, such as mineral mining, power, and ma nufacturing The eight core industries in decreasing order of their weightage are: Refinery products Electricity Steel Coal Crude oil Natural gas Cement Fertilizers ...
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