The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a fixed period of time. What is the base year of IIP?

Correct option is C

The correct answer is (c) 2011-12.
• The base year for the Index of Industrial Production (IIP) is 2011-12, which is used for comparing the industrial production performance over time.
Information Booster:

• IIP Definition: It measures the growth rate of different industry sectors such as mining, manufacturing, and electricity.

• Base Year: The base year of IIP is 2011-12 to make the comparisons consistent and relevant.

• Industry Weightage: Manufacturing (highest weightage) and Mining (lowest weightage) sectors are considered in the IIP.

• Concerned Ministry: Ministry of Statistics and Programme Implementation, Rao Inderjit Singh (Minister).

• IIP Calculation: It is calculated and released monthly by the Central Statistics Office (CSO).