What is Index of Industrial Production (IIP) in India

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  • IIP turned positive again for December after contacting by 1.9 per cent in November.
  • IIP is an index that tracks manufacturing activity in different sectors of an economy.
  • Manufacturing, Mining and Electricity are the three broad constituents of IIP , with weightage of 77.63% ,14.37% and 7.99% respectively.
  • Electricity,crude oil,coal , cement, steel , refinery products, natural gas , and fertilizers are the eight core Industries that comprise about 40% of the weight of items included in IIP.
  • IIP data is compiled and published by central statistical organization (under ministry of statistics and programme implementation) monthly.
    • IIP base year is 2011-12

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