What does IIP mean? What is the full form of IIP?
The full form of IIP is Index of Industrial Production
The Index of Industrial Production (IIP) is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time. The IIP index is computed and published by the Central Statistical Organisation (CSO) on a monthly basis.
IIP is a composite indicator that measures the growth rate of industry groups classified under,
1. Broad sectors, namely, Mining, Manufacturing and Electricity
2. Use-based sectors, namely Basic Goods, Capital Goods and Intermediate Goods.
Currently IIP figures are calculated considering 2004-05 as base year.
IIP
means
Index of Industrial Production
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