Index of Industrial Production

Question 1

What is it?

Answer 1

index that indicates the performance of various industrial sectors of the Indian economy.
[INDICATES PERFORMANCE OF INDUSTRIAL SECTORS OF ECONOMY]

This index gives the growth rates of different industry groups of the economy over a specified time period.
The industry groups that it measures are classified under the following:
Broad sectors like manufacturing, mining, and electricity.
Use-based sectors like capital goods, basic goods, intermediate goods, infrastructure goods, consumer durables, and consumer non-durables.

Question 2

Who calculates & publishes it?

Answer 2

Central Statistical Organisation (CSO) every month.

Question 3

What it indicates?

Answer 3

general level of industrial activity in the economy.

Question 4

What is it’s Official Definition – As given by CSO?

Answer 4

“It is a composite indicator that 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.”