CONTENTS
- Poorvi Lehar
- Index of Eight Core Industries
Poorvi Lehar
Context:
Recently, the Indian Navy conducted a Military Exercise named “Poorvi Lehar” on the Eastern Coast of India.
Relevance:
GS III: Security Challenges
About Poorvi Lehar:
Objective:
- The exercise aimed to assess the Indian Navy’s preparedness to meet Maritime Security challenges in the region.
Participants:
- Participation included ships, submarines, aircraft, and special forces from the Indian Air Force (IAF), Andaman & Nicobar Command, and Coast Guard, showcasing a high degree of interoperability among the services.
Phases:
- Tactical Phase: Conducted combat training in realistic scenarios to enhance operational readiness.
- Weapon Phase: Successfully conducted various firings to test and validate weaponry capabilities.
Maritime Domain Awareness:
- Continuous maritime domain awareness was maintained throughout the area of operations through the operation of aircraft from diverse locations, ensuring comprehensive surveillance and reconnaissance.
Capability Demonstration:
- The exercise reaffirmed the Indian Navy’s capability to deliver ordnance on target, showcasing precision and effectiveness in military operations.
Index of Eight Core Industries
Context:
The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 as compared to the Index in March, 2023. The production of Cement, Coal, Electricity, Natural Gas, Steel and Crude Oil recorded positive growth in March 2024.
Relevance:
GS III- Indian Economy
About Index of Eight Core Industries:
- The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
Released by: The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade
Base year: 2011-12
Below image attached Eight Core Industries based on their weightage.
Index of Industrial Production (IIP):
- The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a fixed period of time.
- It is compiled and published monthly by the Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation (MOSPI).
- The Central Statistics Office (CSO) revised the base year of the all-India Index of Industrial Production (IIP) from 2004-05 to 2011-12 on 12 May 2017.
- IIP is a composite indicator that measures the growth rate of industry groups classified under broad sectors, namely, Mining, Manufacturing, and Electricity.
- Use-based sectors, namely Basic Goods, Capital Goods, and Intermediate Goods.
Significance of IIP:
- IIP is the only measure on the physical volume of production.
- It is used by government agencies including the Ministry of Finance, the Reserve Bank of India, etc., for policy-making purposes.
- IIP remains extremely relevant for the calculation of the quarterly and advance GDP estimates.
