The Index of Industrial Production (IIP)

✅IIP measures variations in the production volume of a basket of industrial goods during a month period.

✅It calculates the data of eight core sectors .

✅The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

✅ Refinery products (28.04%)

✅ Electricity (19.85%)

✅Steel (17.92%)

✅Coal (10.33%)

✅Crude oil (8.98%)

✅Natural gas (6.88%)

✅Cement (5.37%)

✅ Fertilisers (2.63%)

✅Index of Eight Core Industries is released by Ministry of Commerce and Industry.

#geography 

#prelims 

#mains