Induced current: Current generated in a closed circuit due to electromagnetic inductions is called induced current. It is a current due to variation in the magnetic field surrounding its conductor. It is an electric current that results when a second conductor is placed in an area where there is already an electric current.
A current can be induced in a conducting loop if it is exposed to a changing magnetic field. This change might be produced in numerous ways; you can modify the power of the magnetic field, move the conductor in and out of the field, alter the distance between a magnet and the conductor, or change the area of a loop located in a steady magnetic field. No issue how the difference is achieved, the result, an induced current, is equal.