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Home - Blog - Terminology - What is the Index of Industrial Production (IIP)?

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What is the Index of Industrial Production (IIP)?

ltw
Last updated: 2021/06/23 at 4:46 PM
By ltw 2 years ago 1 Min Read 2 years ago
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What is the Index of Industrial Production (IIP)?
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Disclaimer & Affiliate disclosure: The information provided on this post is for general informational purposes only and should not be considered financial or legal advice. Always consult with a financial advisor or attorney before making any financial decisions. Some of the links in this post are affiliate links, meaning, at no additional cost to you, we will earn a commission if you click through and make a purchase.


 

IIP keeps track of industrial production in the country across various industries. On a monthly basis, it is estimated.

The three general sectors that are considered for the measurement of IIP are mining, manufacturing, and electricity output.

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Coal, power, cement, crude oil, steel, natural gas, fertilizers, and refining goods account for roughly 40% of the total weight of the commodities considered by IIP.

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The National Statistics Office compiles and publishes it on a monthly basis (NSO).

What is the Index of Industrial Production (IIP)?
What is the Index of Industrial Production (IIP)?

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