#Iip Data

#ThrivingThursday | Understanding IIP Data: A Deep Dive into Manufacturing Trends This video takes you on an in-depth exploration of the Index of Industrial Production (IIP), breaking down the performance of key components over the past decade.

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NSO, MoSPI is revising the base year for the Index of Industrial Production (IIP) from 2011-12 to 2022-23. All India Index of Industrial Production (IIP) is one of India’s oldest and crucial economic indicators that measures changes in the volume of India's industrial output. First released in 1937 and becoming a monthly series in 1950, the IIP's base year is updated periodically to accurately reflect the evolving industrial landscape, new sectors, and changing production patterns. This frequent revision—including base years like 1946, 1951, 1956, 1960, 1970, 1980–81, 1993–94, and 2004–05—is vital. The current base year is 2011-12, which was officially released in 2017. Watch the full video on history of IIP, and stay tuned for more updates on the base year revision exercise of IIP through MoSPI’s social media handle. #NSO #MoSPI #IIP #DataforDevelopment #EconomicStatistics #IndustrialProduction #IndiaEconomy #DataDrivenPolicy @pmooffice8 @raoinderjitsingh @pibindia @mygovindia @niti.aayog

India’s industrial output, measured by the Index of Industrial Production (IIP) grew by 5.0 per cent in January, from 3.5 per cent in December 2024, data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday showed. The data released by the National Statistical Office (NSO) showed that the manufacturing sector’s output grew 5.5 per cent in January as against 3.6 per cent in the year-ago period. India’s retail inflation eased to a seven-month low of 3.61% in February, down from 4.31% in January, according to government data released on Wednesday. A Reuters poll had projected inflation to decline to 3.98% for the month. The decline was largely driven by lower food prices, with food inflation—comprising nearly half of the Consumer Price Index (CPI) basket—falling to 3.75% in February from 5.97% in January. “Food inflation in February 2025 is the lowest since May 2023,” the official data stated. Source:- Economic Times

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