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IIP Data-August 2017
October 14 , 2017
2603 days
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- According to data released by Central Statistics Office (CSO), factory output measured in terms of Index of Industrial Production (IIP) has grown nine-month high to 4.3% in August 2017.
- This was mainly due to a robust performance of the mining and power sectors coupled with higher capital goods output
- The Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an economy such as mineral mining, electricity and manufacturing.
- The all India 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.
- It is compiled and published monthly by the Central Statistical Organisation (CSO) six weeks after the reference month ends.
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