The Ministry of Statistics & Programme Implementation (MoSPI) releases the Index of Industrial Production (IIP) at which of the following time intervals?

Correct option is A

The correct answer is: (A) Monthly

• The Index of Industrial Production (IIP) is released by the Ministry of Statistics and Programme Implementation (MoSPI) on a monthly basis.

• It measures the volume of production of various sectors like mining, manufacturing, and electricity, indicating the short-term changes in industrial activity in the Indian economy.

• The data is compiled and published by the National Statistical Office (NSO), which operates under MoSPI.

• Base year of the current IIP series: 2011–12.

• IIP is an important economic indicator used for policy-making, forecasting, and analysis.

• The three main sectors in IIP are:

  • Mining

  • Manufacturing

  • Electricity

• IIP is also classified based on Use-Based Classification: Primary goods, Capital goods, Intermediate goods, Infrastructure goods, Consumer durables, and Consumer non-durables.

• The index is generally released around the 12th of every month for the previous month’s data.

• IIP is considered a high-frequency indicator and is useful for tracking industrial sector performance.

• It is different from other indices like WPI (Wholesale Price Index) and CPI (Consumer Price Index), which are focused on prices rather than volume.

• MoSPI also releases other key indicators such as GDP estimates, employment statistics, and household surveys.

• The IIP helps in assessing the impact of government initiatives like Make in India and PLI schemes on industrial output.