
The Index of Industrial Production (IIP) is a quantitative measure of industrial output, based on physical production. It compares current monthly production with the average monthly production in the base year.
IIP is an index that tracks the growth in various sectors of the economy such as manufacturing, mining, and electricity. It compares current production levels to a base year and is a key indicator of the industrial sector’s health. The index helps assess the short-term performance of core industries and production-based activities in the country.
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