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.
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