Question
Index of Industrial Production (IIP) is an indicator
that measures the changes in the volume of production of industrial products during a given period. which of the following are not amongst sectors under IIP I) Mining II) Gas and Water connection III) Manufacturing IV) ElectricitySolution
IIP is an indicator that measures the changes in the volume of production of industrial products during a given period. It is compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation. The eight core sector industries represent about 40% of the weight of items that are included in the IIP. The eight core industries in decreasing order of their weightage: Refinery Products > Electricity> Steel > Coal> Crude Oil> Natural Gas> Cement> Fertilizers. It covers 407 item groups included into 3 categories viz. Manufacturing, Mining and Electricity.
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