Q. Consider the following statements:
1.The Index of Eight Core Industries (ICI) is an important economic indicator that measures the combined and individual performance of production in eight core industries in India.
2.Coal has the highest weightage in the Index of Eight Core Industries.
3.Textiles is one of the eight core industries in India.
Which of the statement(s) given above is/are correct?

[A] 1 and 2 only

[B] 1 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: B

Explanation –

Statement 1 is correct. The ICI is a crucial indicator that reflects the health of the core industrial sector in India. It tracks the performance of eight key industries.

Statements 2 and 3 are incorrect. As of 2023, Refinery Products hold the highest weightage in the ICI, followed by Electricity and Steel. Weightage can change over time. The eight core industries are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity.

Source: AIR