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India to launch new IIP series with 2011-12 base year on May 9

Currently, the IIP is calculated on base year of 2004-05

Press Trust of India  |  New Delhi 

India will unveil a new series of Index of Industrial Production with a base year 2011-12 on May 9 with an aim to map economic activities more accurately. The new series for Index of Industrial Production (IIP), which captures industrial activities on monthly basis, will be launched by Chief Statistician and MOSPI Secretary T C A Anant, an official said. A high-level panel had firmed up the methodology for the IIP with new base year of 2011-12. Currently, the IIP is calculated on base year of 2004-05. The change in baseline for the IIP is expected to bring in more accuracy ...

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First Published: Tue, May 02 2017. 19:26 IST
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