IIP – Index Of Industrial Production : A recent report in the hindi says that IIP shrinks by 4.3% lowest in 8 years. The question comes , what is IIP and many other things , here we are going to tell you complete details about it.
What Is IIP – Index Of Industrial Production ?
As the heading suggests , IIP stands for the index of industrial production, it is an index for india details out the growth of various sectors in economy such as minerals, mining and manufacturing.
The all india IIP is complete indicator that measures the short term changes in the volume of production of a basket of Industrial product. It is published by National Statistical Office.
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