IAS Resources

IAS Score

Index of Industrial Production

Index of Industrial Production

The index of Industrial Production (IIP) conveys the status of production in the industrial sector of an economy in a given period of time, in comparison with a fixed reference point in the past. IIP is a composite indicator that measures the growth rate of industry groups classified under, 1. Broad sectors, namely, Mining, Manufacturing and Electricity 2. Use-based sectors, namely Basic Goods, Capital Goods and Intermediate Goods. The IIP numbers, in India use 2004-05 as the base year for comparison. The current Index of Industrial Production (IIP) with base 2004-05 has a broader coverage of 682 items comprising 61 from Mining & Quarrying, 620 from Manufacturing and 1 from Electricity Sector having the weightage of 14.16%, 75.53% and 10.32% respectively in the all-India IIP. The Eight Core Industries comprise nearly 38% of the weight of items included in the Index of Industrial Production (IIP). They are Coal, Crude Oil, Natural Gas, Petroleum Refinery Products,Fertilizers,Steel, Cement & Electricity. It is compiled and published monthly by theáCentral Statistical Organisationá(CSO) six weeks after the reference month ends.

More In This Section

Quick Contact