New Delhi 93197 33599 l Ahmedabad 73035 33599

Definition:

  • 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.

Description

  • IIP is a composite indicator that measures the growth rate of industry groups classified under:
  1. Broad sectors: Mining, Manufacturing and Electricity.
  2. 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