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ConsumerPriceIndex
IIP
CurrentAffairsofIndia

Index of Industrial Production (IIP)

September 25, 2011

ONLINEMODULES

Prelims GS Test Series-2016

Target 2016: UPSC GS
CURRENTAFFAIRS2016

June 2016
May 2016
April 2016 |

4 Comments

The Index of Industrial Production ( IIP) is an abstract number or ra

which measures the growth of various sectors in the economy. In Ind
IIP is a representative gure which measures the general level
Industrial activity in the country. Being an abstract number, it does
show volume of activity and only shows the magnitude which represents
status of production in the industrial sector for a given period of time
compared to a reference period of time.
Contents [hide]

March 2016 |
February 2016 |

Key Historical Facts

January 2016 |

Composition of IIP
Sector wise Composition

December 2015 |

Use wise Composition

November 2015 |

Percentage Weightage of Core Industries

October 2015 |
September 2015 |

Key Historical Facts

August 2015 |

An Interim Index of Industrial Production was released from 1947, bas

upon 15 industries and with base year 1937. It was discontinued in 194
The First IIP was published in 1950 by Of ce of Economic Advis
Ministry of Commerce with base year 1937. The base year was la
shifted from time to time. Currently IIP data is released every month
CSO (Central Statistical Of ce) which was set up in 1951. Current
Base year is 2004-05.

July 2015 |
June 2015 |
May 2015 |

April 2015 |
March 2015 |
February 2015 |
January 2015 |

Composition of IIP

Currently, the Index of Industrial Production comprises 682 individu

items. These items can be divided into two ways as follows:
Sector wise Composition

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Sector wise , the items included in IIP fall into three sectors viz.
manufacturing and electricity sectors. The below tables shows the ite

in base year 2004-05 and 1993-94 number and weightage of items sec
wise.

State Current Affairs

International Affairs
Business & Economy
Banking Current Affairs
Science & Techonlogy

From the above table, we note down that:

In the current IIP index, there are 61 mining items and 6

Environment Current Affairs |

manufacturing

Bills and Acts

items. Only

item

(electricity)

comes

und

electricity sector.

Defence Current Affairs

Maximum weightage is of manufacturing items (755.27), followed

Persons in News

Mining (141.57) and Electricity (103.16)

Places in News

While updating the IIP from 1993-94 to 2004-05, the weightage

Awards & Honours

manufacturing was brought down while that of mining w

Sports Current Affairs

increased. This is mainly because the contribution of the

Domestic Product of the Manufacturing sector has decreas

Art & Culture in Current Affairs

compared to other two sectors as per the National Accoun

Statistics.
Use wise Composition

Use wise, the 682 items are divided into basic goods, capital goo

intermediate goods and consumer goods. Further, consumer goods

divided into consumer durables and consumer non durables. The bel

table shows the items in IIPs with base year 1993-94 and 2004-05 w
number of items therein.

From the above, table, we note that:

In the IIP index, the maximum weight is of basic goods, followed

Consumer Goods, followed by Intermediate and Capital Goods. Wh

updating IIP index from base year 1993-04 to 2004-05, the weighta

of basic goods and consumer goods has gone up; while that of capi
goods and intermediate goods and come down.
The maximum weightage is given to Basic goods, followed

Consumer Goods, followed by Intermediate and Capital Goo

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Among Consumer goods, the weightage of consumer non-durables

much more than of durables.

Percentage Weightage of Core Industries

The eight Core Industries viz. Fertilizers, Electricity, Re nery Produc

Natural Gas, Steel, Cement, Crude Oil and coal [remember this
mnemonic FERNS-C3] is nearly 38% in the IIP. This is shown
decreasing order as follows:
Industry

% Weightage in IIP

Electricity

10.32

Steel (Alloy + Non-alloy)

6.68

Renery Products

5.94

Crude Oil

5.22

Coal

4.38

Cement

2.41

Natural Gas

1.71

Fertilizers

1.25

So, on the basis of weightage the arrangement of six core industries

decreasing order is as follows: Electricity> Steel >Re nery Produc
Crude Oil >Coal>Cement >Natural Gas> Fertilizers.[currentuser_id]

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Comments
Sameer Vyas May 3, 2012 Log in to Reply
Please update the base year of IIP.
It has been changed to 2004-05.

Divine August 7, 2015 Log in to Reply

Thanks 4 the updation

2avi August 16, 2015 Log in to Reply

Please update the topic. for eg.., Number of Core industries incresed to 8
Fertilizers & Natural gas added also Base year etc..,

Mayank September 1, 2015 Log in to Reply

IP covers 682 items comprising Mining (61 items), Manufacturing (6

items) & Electricity (1 item).
You must be logged in to post a comment.

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