{"id":86311,"date":"2019-10-14T18:21:00","date_gmt":"2019-10-14T12:51:00","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=10916"},"modified":"2019-10-14T18:21:00","modified_gmt":"2019-10-14T12:51:00","slug":"index-of-industrial-productioniip","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/index-of-industrial-productioniip\/","title":{"rendered":"Index of Industrial Production(IIP)"},"content":{"rendered":"\n<p><strong>News:<\/strong>India\u2019s industrial sector production(IIP) has contracted by 1.1% in August when compared to the production in the same month in 2018.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>About IIP:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Index of Industrial Production (IIP) is a composite indicator that measures changes in the volume of production of a basket of industrial products.<\/li><li>The index is compiled and published monthly by the Central Statistical Organisation (CSO),Ministry of Statistics and Programme.<\/li><li>It is implemented six weeks after the reference month ends, i.e a lag of six weeks.<\/li><li>The Base Year of the Index of Eight Core Industries has been revised from the year 2004-05 to 2011-12 from April, 2017.<\/li><\/ul>\n\n\n\n<p><strong>There are two ways in which IIP data can be viewed:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Broad sectors<\/strong>: The first is to look at sectoral performance.In this the whole industrial economy is divided into three sectors; manufacturing (with a weight of 77.63 % in the index), mining (14.37 %) and electricity (7.99 %).<\/li><li><strong>Use-based sectors:<\/strong> The second way is to look at the way such industrial products are used namely Basic Goods, Capital Goods and Intermediate Goods.<\/li><\/ul>\n\n\n\n<p><strong>Core industries:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Core industry can be defined as the main industry which has a multiplier effect on the economy.<\/li><li>The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).<\/li><li>The eight Core Industries in decreasing order of their weightage are(a) Refinery Products (b)Electricity (c)Steel (d)Coal (e)Crude Oil (f)Natural Gas (g)Cement and (h)Fertilizers.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About CSO:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Central Statistics Office(CSO) is a governmental agency in India under the Ministry of Statistics and Programme Implementation.<\/li><li>It is responsible for coordination of statistical activities in India and evolving and maintaining statistical standards.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:India\u2019s industrial sector production(IIP) has contracted by 1.1% in August when compared to the production in the same month in 2018. Facts: About IIP: The Index of Industrial Production (IIP) is a composite indicator that measures changes in the volume of production of a basket of industrial products. The index is compiled and published monthly&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/index-of-industrial-productioniip\/\">Continue reading <span class=\"screen-reader-text\">Index of Industrial Production(IIP)<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3146],"class_list":["post-86311","post","type-post","status-publish","format-standard","hentry","category-economy","tag-index-of-industrial-production","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1702113997},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86311"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86311\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}