Lok Sabha Question No. 3064 (UNSTARRED), answered on 2018-12-31
Subject: Growth of Core Sectors
Ministry: COMMERCE AND INDUSTRY
Asked by: ADVOCATE NARENDRA KESHAV SAWAIKAR

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION

## LOK SABHA

UNSTARRED QUESTION NO. 3064. TO BE ANSWERED ON MONDAY, THE 31 ST   DECEMBER, 2018.

## GROWTH OF CORE SECTORS

## 3064.  ADV. NARENDRA KESHAV SAWAIKAR:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

## वाणिज्य एवं उद्योग मंत्री

- (a) whether the data released by the Government reveals low growth rate in core sectors;
- (b) if so, the details thereof during the last three years;
- (c) the  extent  to  which  the  core  sector  would  impact  the  Index  of  Industrial Production; and
- (d) the corrective steps taken by the Government in this regard?

## ANSWER

## वाणिज् य एवं उद्योग मंत्रालय में राज् यमंत्री (श्री सी.आर. चौधरी) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI C.R. CHAUDHARY)

- (a) & (b): As  per  the  latest  data  available,  the  growth  of  core  sectors  as measured  by  the  Index  of  Eight  Core  Industries  (ICI),  registered  a growth  of  5.4  per  cent  during  the  period  April-October  2018  as compared to the growth of 3.5 per cent in the corresponding period of 2017-18. The details of  the  growth  of  ICI  during  the  last  three  years and April- October 2018-19 are given in the table below:
- (c): The  Eight  Core  Industries  comprise  40.27  per  cent  of  the  weight  of items  included  in  the  Index  of  Industrial  Production  (IIP)  with  base year 2011-12.
- (d): The Government is continuously taking steps to boost industrial growth including infrastructure sector which inter alia, includes putting in place a policy framework to create conducive business environment, strengthening infrastructure network and ensuring availability of required inputs. Foreign Direct Investment (FDI) policy and procedures have  been  simplified  and  liberalised  progressively.  The  Government has  also  taken  up  a  series  of  measures  to  improve  Ease  of  Doing Business. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more efficient and effective.

| Growth (in per cent) of Index of Eight Core Industries (Base year 2011-12)   | Growth (in per cent) of Index of Eight Core Industries (Base year 2011-12)   | Growth (in per cent) of Index of Eight Core Industries (Base year 2011-12)   | Growth (in per cent) of Index of Eight Core Industries (Base year 2011-12)   | Growth (in per cent) of Index of Eight Core Industries (Base year 2011-12)   |
|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|
|                                                                              | 2015-16                                                                      | 2016-17                                                                      | 2017-18                                                                      | Apr-Oct* 2018-19                                                             |
| Growth of ICI (in %)                                                         | 3.0                                                                          | 4.8                                                                          | 4.3                                                                          | 5.4                                                                          |
| Source: Office of Economic Adviser, DIPP *Provisional                        | Source: Office of Economic Adviser, DIPP *Provisional                        | Source: Office of Economic Adviser, DIPP *Provisional                        | Source: Office of Economic Adviser, DIPP *Provisional                        | Source: Office of Economic Adviser, DIPP *Provisional                        |

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