- It is a measure of short-term changes in the volume of industrial output in India, covering mining, manufacturing, and electricity sectors.
- Released by the National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation every month.
- Base Year: 2011-12
- Components of IIP Calculation:
- Weightage for the sectors is in the order of manufacturing, electricity, and mining sectors.
- Uses of IIP:
- Policymakers use IIP for GDP estimates, inflation analysis, and formulating industrial policy.
Source: The Hindu