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.
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Index of Industrial Production (IIP) - What is IIP? What does it indicate? Know MoreWhat is the difference between intra bank beneficiary and inter bank beneficiary?Frequently asked questions | Interbank GIRO - HSBC - MYWhat Is the Clearing House Interbank Payments System (CHIPS)?Description: IIP is a composite indicator that measures the growth rate of industry groups classified under,
1. Broad sectors, namely, Mining, Manufacturing and Electricity
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How Long Does It Take for an Online Payment to Hit My Bank Account? | Aisle Planner Help Center2. Use-based sectors, namely Basic Goods, Capital Goods and Intermediate Goods.
Currently IIP figures are calculated considering 2004-05 as base year.
Also See: Appropriation Bills, Priority Sector Advances
