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IIP REVAMP
Statistical system may get AI overhaul, data to be treated as asset: MoSPI SecyIndia is set to modernize its statistical system. Artificial intelligence will be integrated into official data. A national business regist...- India overhauls inflation framework with new Producer Price Index, revised WPIIndia is set to introduce a new Producer Price Index and a revamped Wholesale Price Index from June 15. This significant overhaul aims to a...
- India's industrial output in April slows on year to 4.9% under new seriesIndia's industrial output for April reached 4.9% under a revised Index of Industrial Production (IIP) series with an updated base year of 2...
- ET Graphics | Base to basket: India's IIP gets a major makeoverA new Index of Industrial Production launches on June 1. The base year shifts to 2022-23. Coverage expands to include minor minerals, rare ...
- India to revamp IIP with new base year, wider coverage from June 1India will launch an updated Index of Industrial Production on June 1. The new IIP will feature a 2022-23 base year and include sectors lik...
- India proposes broad revamp of industrial output index ahead of new seriesIndia's statistics ministry is set to unveil a new way to measure industrial output next week. Key changes include expanding the sectors tr...
- States endorse MoSPI plan for district surveysIndia is gearing up to collect economic data at the district level, aiming to release gross district development figures by January 2026. T...
- Government-appointed committee suggests GDP data revamp for statesThe committee emphasised the need for a dynamic and sector-specific business register. It said the databases of the Ministry of Corporate A...
- Reporting of monthly factory output may go onlineFactories will be able to directly furnish monthly production data on the portal, officials said, explaining that this will make the IIP mo...
- Only 4 statisticians handle key industrial output dataA government panel, which recommended overhauling the key data series, had strongly recommended immediate strengthening of the IIP unit of ...
- Economic indices get makeover in keeping with changed timesFactory output rose 2.7 per cent in March, while wholesale prices rose 3.85 per cent under the new base year.
- Mobiles to fall under separate category in revised IIPBooming demand for smartphones reason for separate listing, LED & LCD TVs too will be part of new index; 'ready to eat' group may also find...
- December IIP at 1.7% versus 3.8% in November; January CPI inflation at 5.11%India grew an annual 7.5% year-on-year in the quarter through December, higher than 7.3% growth recorded by China in the latest quarter.
- Error in IIP numbers raises questions over data qualityIndustrial production for the month of January was revised down to 1.1% from 6.8% estimated initially, raising more questions about the qua...
- September industrial output growth slows sharply to 4.4%Industrial output rose 10.4 percent in the 2009/10 financial year (April-March) , faster than the 2.8 percent clocked in the previous fisca...
- Oct factory output to get a leg up from revampedIndia’s industries may not be firing on all cylinders these days, but the industrial output data for October will get a statistical boost f...
- New IIP suffers from highs and lows, likely to be delayedThe revamped index for measuring industrial output could take some more time to debut as the government is concerned over the big discrepan...
- IIP likely to clock 5-7% Sept growthThe industrial growth is expected to recover to 5-7% in September from the 13-year low of 1.3% it fell to in August 2008. Eminent economist...
- IIP to give a ‘true’ picture of output growth from JanThe revamped Index of Industrial Production (IIP), which seeks to capture the trend in industrial production more accurately, will be relea...
- Figures too can lie: IIP under cloud, govt works on new indexWith finance minister P Chidambaram as well as commerce & industry minister Kamal Nath questioning the accuracy and reliability of the inde...
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