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Index of Industrial Production (IIP) UPSC NOTE

 Industrial output of India slows to 4.9% in March

  • India’s industrial output growth slowed to 4.9% in March from 5.6% in February, the National Statistical Office revealed, with base effects from last March, when output had grown a feeble 1.9%, boosting the uptick. 

  • Mining output slid to a 19-month low growth of 1.2%, while electricity generation rose 8.6% from a 1.6% contraction in March 2023

  • Manufacturing, which constitutes 77.6% of the Index of Industrial Production (IIP), grew at a five-month high pace of 5.2% in March, relative to a mild 1.5% uptick in the same month last year. 

  • Manufacturing growth for February was revised to 4.9% from 5% estimated earlier, along with the month’s IIP growth which was downgraded from 5.7%. 

  • Overall industrial output grew 5.8% in 2023-24, a tad higher than the 5.2% rise in the previous year


Index of Industrial Production (IIP)

  • IIP is an indicator that measures the changes in the volume of production of industrial products during a given period.

  • It is compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.

  • It is a composite indicator that measures the growth rate of industry groups classified under:

  • Broad sectors, namely, Mining, Manufacturing, and Electricity.

  • Use-based sectors, namely Basic Goods, Capital Goods, and Intermediate Goods.

  • Base Year for IIP is 2011-2012.


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Index of Industrial Production (IIP) UPSC NOTE
Index of Industrial Production (IIP) UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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