The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP). Electricity generation (weight: 10.32%)
Direct Materials doesn't come under Fixed Cost because it vary with changes in the activity level of a business.
Fixed Cost :
A fixed cost is a cost that does not change over the short-term, even if a business experiences changes in its sales volume or other activity levels.
It is of some importance to understand the extent and nature of the fixed costs in a business, since a high fixed-cost level requires a business to maintain a high revenue level in order to avoid generating losses.
Examples of Fixed Cost are:
Insurance, Salaries, Rent, Property Taxes,...
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