Core Industrial Output Index
The published Index of Eight Core Industries — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — carried through at its published level.
Source. Office of the Economic Adviser, DPIIT — Index of Eight Core Industries, monthly.
Scaling. ×1, as published.
Who hedges this. EPC and infrastructure contractors; construction equipment lessors; cement and steel distributors; banks and NBFCs with infrastructure loan books.
Methodology note. Already a published, methodologically documented, decades-old official index carrying roughly 40% of the IIP by weight. Almost nothing needs constructing, which is why it is the safest of the five.