29th March 2024 (12 Topics)

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India's Core Sectors Growth

Context

India's eight core sectors posted a 6.7 percent growth in February against 4.1% last month. It was 7.4 percent in February 2023.

What are Core Sectors?

Eight Core Sectors: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizer, Steel, Cement, and Electricity.
These comprise 27% of the weightof items included in the Index of Industrial Production (IIP).
The eight core sector industries in decreasing order of their weightage:
Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.
Index of Industrial Production:IIP is an indicator that measures the changes in the volume of productionof industrial products during a given period.
- It is compiled and published monthly by the Central Statistical Organization (CSO),Ministry of Statistics, and Programme Implementation.
- The base year for IIP is 2011-2012.

Fact Box: Government Initiatives for Growth of the Industrial Sector in India

Production-Linked Incentive (PLI) - To scale up domestic manufacturing capability.
PM Gati Shakti- National Master Plan - Multimodal connectivity infrastructure project.
Bharatmala Project - To Improve connectivity in North East India
Start-up India - To catalyzeStartup culture in India
Make in India 2.0 - To transform India into a global design and manufacturing hub.
Atmanirbhar Bharat Campaign - To cut down import dependence
Disinvestment Plans - To support India’s economic recovery
Special Economic Zones- To create additional economic activity and boost the export of goods and services.
MSME Innovative Scheme- To promote the complete value chain from developing ideas into innovation through incubation and design interventions

Young and the Old

Society Human resource and Education

Understanding India’s coal imports

Economy Infrastructure

Jobs Outlook Bleak

Economy Poverty and Unemployment

Revision in MGNREGA Wages & Issue of Wage Disparity

Polity & Governance Government Interventions and Policies

AFSPA Extension

Security Miscellaneous

India’s Tuberculosis (TB) crisis

Polity & Governance Governance

Global Tragedy of Food Wastage

Polity & Governance Governance

Carlsberg Ridge &Afanasy-Nikitin Seamount

Geography Locations in News

TRAI recommends eSIM for M2M Communications

Science & Technology IT and Communication

Vikram-1 space launch vehicle

Science & Technology Satellites and Launch Vehicles

TERMS OF THE DAY

Miscellaneous

GS Analyst: Daily Current Affairs

29th March 2024 (12 Topics)

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India's Core Sectors Growth

Still Have Questions?

GS Analyst: Daily Current Affairs

India's Core Sectors Growth

Still Have Questions?

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