INDEX OF INDUSTRIAL PRODUCTION (IIP)

INDEX OF INDUSTRIAL PRODUCTION (IIP)

 It is an index that tracks manufacturing activity in different sectors of an economy. The IIP number measures the industrial production for the period under review, usually a month, as against the reference period.
 Mining, manufacturing, and electricity are the three broad sectors in which IIP constituents fall.
 Core sectors (Electricity, crude oil, coal, cement, steel, refinery products, natural gas, and fertilizers) constitute 40% of the weight of items included in the IP.
 IIP data is also compiled and published by the MOSPI.

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