11th to 21st January 2024 - India's Index of Industrial Production

Question 1

What is the Index of Industrial Production (IIP)?

Answer 1

A statistical measure that tracks changes in the level of industrial output in India over time. It is a key economic indicator.

Question 2

What is the base year for India’s current IIP?

Answer 2

2011-12

Question 3

Who compiles and publishes the IIP?

Answer 3

The Central Statistical Organization (CSO)

Question 4

How often is the IIP released?

Answer 4

Monthly, on the 12th of each month (or the previous working day if the 12th is a holiday)

Question 5

What was the Quick Estimate value of the IIP in November 2023?

Answer 5

141.0

Question 6

By what percentage did the IIP change in November 2023 compared to the previous period?

Answer 6

It grew by 2.5%

Question 7

Why is the IIP an important economic indicator?

Answer 7

It measures the health of the industrial sector, which is a key driver of economic growth. It helps in analyzing trends, forecasting, and policymaking.

Question 8

What does a higher IIP value indicate?

Answer 8

Increased industrial activity and potential economic growth.

Question 9

What are some limitations of the IIP?

Answer 9

It may not fully capture informal sector activity, can be revised later as more data becomes available, and doesn’t measure service sector output.