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Index of Industrial Production (IIP) rose to 8.4% in November 2017

India’s factory output, measured by the Index of Industrial Production (IIP) rose to 8.4% in November 2017 from 2% in October 2017.  

It was due to robust performance by manufacturing and capital goods sectors.

According to data released by the Central Statistics Office (CSO), it was highest growth registered by IIP in 17-months. The previous high was recorded at 8.9% in June, 2016.

Index of Industrial Production (IIP)

The IIP is composite indicator that measures short-term changes in volume of production of a basket of industrial products during a given period with respect to chosen base period. 

It is compiled and published monthly by the Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation.

It covers 407 item groups. Sector wise, the items included falls into 3 categories:

Category

No. Of Items

Weightage

Manufacturing            
405                         
77.63%                   
Mining
1
14.37%
Electricity
1
7.9%

The revised eight core Industries have a combined weightage of 40.27% in the IIP

Decreasing order of weightage of core industries is:
  1. Electricity
  2. Steel
  3. Refinery Products
  4. Crude
  5. Coal
  6. Cement
  7. Natural Gas
  8. Fertilizers

Base year: 2011-12

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