What is IIP?
The index of Industrial Production (IIP) conveys the status of production in the industrial sector of an economy in a given period of time, in comparison with a fixed reference point in the past.
The IIP numbers, released every month in India , for instance, use 1993-94 as the base year for comparison.
The IIP figures are generally seen as an important but short-term indicator of whether industrial activity in a country has risen or dipped, till more detailed studies or surveys are available.
The index of Industrial Production (IIP) conveys the status of production in the industrial sector of an economy in a given period of time, in comparison with a fixed reference point in the past.
The IIP numbers, released every month in India , for instance, use 1993-94 as the base year for comparison.
The IIP figures are generally seen as an important but short-term indicator of whether industrial activity in a country has risen or dipped, till more detailed studies or surveys are available.
