Eight Core Industries

The output of India’s eight infrastructure sectors contracted for the first time in more than four years according to the report released by the government. Consider the following statements about the eight core Industries:

1. The eight core sector industries consist of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity.
2. These comprise 50.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

Which of the statements given above is/are correct.Choose the correct answer from the codes given below?