The Index of Industrial Production (IIP) is compiled and published monthly by which organization?
- Central Statistics Office (now NSO)
- Office of the Economic Adviser (OEA)
- NITI Aayog
- Department of Industrial Policy and Promotion
Answer: Central Statistics Office (now NSO)
The NSO (under MoSPI) releases the IIP data with a lag of six weeks from the reference month. It measures the short-term growth of a basket of industrial products, with manufacturing accounting for the vast majority (over 77%) of its total weight.