Index of Industrial Production (IIP) slowed to a 10-month low of 4.3% in August, from its growth rate of 6.61% in July, due to a drastic deceleration in the manufacturing, mining, and consumer durables sectors.
About:
Index of Industrial production is published by the central statistical organisation (CSO), Ministry of Statistics and Programme Implementation every month, six weeks after the reference month ends.
The current base year of the index is 2011-12=100.
The index shows the changes in the production volume of different industrial commodities. It is an essential measure of growth as it records the level of industrial activity in the economy.
The sub-components of IIP are- Mining, Manufacturing, and Electricity.
The IIP is also classified according to its use namely, Primary Goods, Capital Goods, and Intermediate Goods.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
