{"id":31938,"date":"2025-04-12T09:14:41","date_gmt":"2025-04-12T03:44:41","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=31938"},"modified":"2025-04-16T17:56:18","modified_gmt":"2025-04-16T12:26:18","slug":"index-of-industrial-production-iip","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/index-of-industrial-production-iip\/","title":{"rendered":"Index of Industrial Production (IIP)"},"content":{"rendered":"<h2>Index of Industrial Production (IIP) Latest News<\/h2>\n<p>Industrial output grew by only 2.9% in February 2025, marking the slowest growth in six months, well below the market expectation of 4%.<\/p>\n<h2>About the Index of Industrial Production (IIP)<\/h2>\n<ul>\n<li>The <strong>Index of Industrial Production (IIP)<\/strong> is a <strong>key statistical tool<\/strong> used to measure the <strong>short-term changes in the volume of production<\/strong> in Indian industries.\u00a0<\/li>\n<li>It provides insight into the <strong>growth or contraction of industrial activity<\/strong> over a given period, making it a crucial <strong>economic performance indicator<\/strong>.<\/li>\n<li>The <strong>IIP is published by the Central Statistics Office(CSO)<\/strong>, which is part of the <strong>Ministry of Statistics and Programme Implementation (MoSPI)<\/strong>.<\/li>\n<li>The <strong>current base year<\/strong> for the index is <strong>2011\u201312<\/strong>. This base year was adopted to reflect <strong>modern industrial structure and production patterns<\/strong>, following periodic revisions from earlier base years such as <strong>1937, 1946, 1951, 1956<\/strong>, and so on.<\/li>\n<li><strong>Sectoral Composition of IIP (Weight-wise):\u00a0<\/strong>\n<ul>\n<li><strong>Manufacturing<\/strong>: <strong>77.63%<\/strong> of total weight (809 items)<\/li>\n<li><strong>Mining<\/strong>: <strong>14.37%<\/strong> (29 items)<\/li>\n<li><strong>Electricity<\/strong>: <strong>7.99%<\/strong> (1 item)<\/li>\n<\/ul>\n<\/li>\n<li><strong>Sectoral Growth (Year-on-Year in February)<\/strong>\n<ul>\n<li><strong>Mining<\/strong>: Slowed sharply to <strong>1.6%<\/strong>, down from <strong>8.1%<\/strong> in Feb 2024.<\/li>\n<li><strong>Manufacturing<\/strong>: Grew at <strong>2.9%<\/strong>, lower than <strong>4.9%<\/strong> a year ago.<\/li>\n<li><strong>Electricity<\/strong>: Output growth dropped to <strong>3.6%<\/strong> from <strong>7.6%<\/strong> in Feb 2024.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>Eight Core Industries (Weight in IIP: 40.27%)<\/h3>\n<ul>\n<li><strong>Listed in decreasing order of weightage:<\/strong>\n<ul>\n<li>Refinery Products<\/li>\n<li>Electricity<\/li>\n<li>Steel<\/li>\n<li>Coal<\/li>\n<li>Crude Oil<\/li>\n<li>Natural Gas<\/li>\n<li>Cement<\/li>\n<li>Fertilisers<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Index of Industrial Production (IIP) FAQs<\/h2>\n<p><strong>Q1. <\/strong>What does the Index of Industrial Production (IIP) measure?<br \/>\n<strong>Ans.<\/strong> The IIP tracks short-term changes in industrial output, covering mining, manufacturing, and electricity sectors. It uses a base year (currently 2011-12) to measure volume growth.<\/p>\n<p><strong>Q2.<\/strong> Why is the IIP significant for policymakers?<br \/>\n<strong>An.<\/strong> It serves as a lead indicator of economic health, guiding monetary policy and industrial strategies. However, it excludes unorganized sectors, limiting its comprehensive assessment.<\/p>\n<p><strong>Q3. <\/strong>What are the limitations of the IIP?<br \/>\n<strong>Ans.<\/strong> It excludes services and informal sectors, relies on outdated base years, and faces data lags. Recent reforms aim to include newer products like solar panels.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/business\/Economy\/industrial-production-slows-iip-at-6-month-low-of-29-in-march-2025\/article69440312.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Index of Industrial Production (IIP) is a key statistical tool used to measure the short-term changes in the volume of production in Indian industries.<\/p>\n","protected":false},"author":5,"featured_media":31939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-31938","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/31938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=31938"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/31938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/31939"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=31938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=31938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=31938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}