Index of Industrial Production

           IIP measures the changes in the industrial production and the general level of industrial performance in the economy. It is used as a short term macro-economic indicator of industrial growth. IIP is considered to be one of the lead indicators for short-term economic analysis because of its strong relationship with economic fluctuations in the economy. It also used as major data source for the compilation of annual and quarterly estimation and forecasts of GDP. Index of Industrial Production is compiled for 3 major sectors

a.    Mining  and Quarrying

b.   Registered Manufacturing

c.    Electricity

The index is being published in quarterly.

 

 

 

**********************