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.