Index Of Industrial Production : January 2024
The Ministry of Statistics and Programme Implementation recently released the Quick Estimates of the Index of Industrial Production (IIP) for January 2024, revealing a growth of 3.8 percent.
- Index of Industrial Production (IIP) is one of the prime indicators of economic development for the measurement of trends in the behavior of industrial production over a period of time with reference to a chosen base year.
- It is a short-term indicator measuring industrial growth until the actual result of detailed industrial surveys become available.
- It indicates the relative change in physical production in the field of industries during a specified year as compared to the previous year.
- It is computed and published by the Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation, on a monthly basis.
