What is the Index of Industrial Production (IIP)?
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.
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.
The National Statistics Office compiles and publishes it on a monthly basis (NSO).
