CURRENT AFFAIRS

Detailed explanation-1: -India’s core sector growth grew by 5.8% in February, data released by the commerce and industry ministry showed.

Detailed explanation-2: -The final growth rate of Index of Eight Core Industries for February 2022 is revised to 5.9% from its provisional level 5.8%. The growth rate of ICI during April-May 2022-23 was 13.6% (P) as compared to the corresponding period of last FY.

Detailed explanation-3: -Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Details of annual and monthly indices and growth rates are provided at Annex I & II respectively.

Detailed explanation-4: -Final growth rate of Index of Eight Core Industries for June 2022 is revised to 13.1% from its provisional level 12.7%.

Detailed explanation-5: -The combined Index of Eight Core Industries increased by 3.3 per cent (provisional) as compared to the Index of August 2021. The production of Fertilizers, Coal, Refinery Products, Steel, Cement and Electricity industries increased in August 2022 over the corresponding period of last year.