- The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a stipulated period.
- The IIP index is computed and published by the Central Statistical Organization (CSO) on a monthly basis keeping a gap of six weeks.
- It measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period.
- IIP is a composite indicator that measures the growth rate of industry groups classified under:
- Broad sectors: Mining, Manufacturing and Electricity.
- Use-based sectors: Basic Goods, Capital Goods and Intermediate Goods.
- In India, there are eight core sectors comprising of Coal, Crude oil, Natural gas, Petroleum refinery products, Fertilizers, Steel, Cement and Electricity.
- The eight infrastructure sectors constitute 27% of the total index of industrial production (IIP).
- Performance of Eight Core Industries for Apr-Dec 2018-19:
Yearly Growth Rate
Base Year: 2011-12=100