About IIP

• The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period.
• Mining, manufacturing, and electricity are the three broad sectors in which IIP constituents fall.
• It is compiled and published every month by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation.
• The current base year is 2011-2012.
• The Eight Core Industries comprise 40.27 per cent of the weight of items included in the IIP.

Why in News?

• The country’s factory output (IIP) accelerated by 7.1 per cent in April as against 1.9 per cent in March 2022. According to the Ministry of Statistics and Programme Implementation data released today the growth in IIP data during April is led by all the sectors. 

Reference

https://newsonair.gov.in/News?title=Country%26%2339%3bs-industrial-activity-jumps-to-7.1-per-cent-in-April-against-1.9-per-cent-in-March-2022&id=442462