WHO releases the index of industrial production in India?

the Central Statistical Organisation (CSO)
Definition: The Index of Industrial Production (IIP) is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time. The IIP index is computed and published by the Central Statistical Organisation (CSO) on a monthly basis. 2.

What is Index of Industrial Production India?

India’s industrial growth in April rose to 7.1 per cent. India’s industrial growth, measured by the Index of Industrial Production (IIP) index, jumped to 7.1 per cent in April 2022 from 2.2 per cent in March, according to official data released the Ministry of Statistics and Programme Implementation.

WHO releases IIP data in India?

Ministry of Statistics and Programme Implementation
It is compiled and published monthly by the Central Statistical Office (CSO), Ministry of Statistics and Programme Implementation six weeks after the reference month ends.

What is industrial production index which year as the base for their index on India?

2011-12
The Index of Industrial Production (IIP) is an indicator that measures the changes in the volume of production of industrial products during a given period. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

Who published IIP index?

the National Statistical Office (NSO)
IIP is an indicator that measures the changes in the volume of production of industrial products during a given period. It is compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.

WHO released the 8 core industries?

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) has released the Index of Eight Core Industries (ICI).

What are the 8 core industries of India?

Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Details of yearly and monthly indices and growth rates are provided at Annex I & II respectively.

How is IIP calculated?

IIP is calculated as the weighted average of production relatives of all the industrial activities. In the mathematical calculation Laspeyre’s fixed base formula is used. Industry is changing fast over time driven by up-gradation in technology, economic reforms and consumption pattern of the people.

WHO publishes WPI in India?

Published by the Office of Economic Adviser, Ministry of Commerce and Industry. It is the most widely used inflation indicator in India. Major criticism for this index is that the general public does not buy products at wholesale price. The base year of All-India WPI has been revised from 2004-05 to 2011-12 in 2017.

What is the current index of industrial production?

US Industrial Production Index is at a current level of 105.60, up from 104.47 last month and up from 99.24 one year ago.

Which core Industry has highest weight in IIP?

Refinery Products Industry
These industries comprise a total of 40.27% of the total weight of the overall items that are included in the Index of Industrial Production (IIP). The Index of Eight Core Industries highest weight is currently possessed by the Refinery Products Industry.

Which sector has highest weightage in IIP?

Key Points

• These comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
• The eight core sector industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.