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METHODOLOGICAL CHANGES IN IIP
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 industrial output grows 4.9% in April as new IIP series shows manufacturing-led recoveryApril marked a significant milestone for India's industrial landscape, showcasing a 4.9% increase in production. The manufacturing sector w...
- 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...
- Rare earth, gas supply, aircraft parts: What’s inside the new IIP calculus as India revises base yearIndia is updating its Index of Industrial Production. The new series will use 2022-23 as the base year, replacing the old 2011-12 base. Thi...
- 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 ...
- MoSPI to launch new surveys, boost high-frequency economic indicators: Saurabh GargIndia's statistics ministry is set to launch a new Index of Services Production. Plans include state-level data revisions and harmonisation...
- MOSPI proposes adoption of chain-based method of index of Industrial Production (IIP) compilationThe Ministry of Statistics and Programme Implementation is proposing a shift to a new method for calculating the Index of Industrial Produc...
- CEA says mindset that India's data estimates being inferior needs to changeChief Economic Advisor V Anantha Nageswaran stated that India's GDP estimation methods are not inferior. He urged a change in mindset that ...
- Govt to tap e-tailers, online sources for price data in new CPI seriesThe government plans to include online and e-commerce price data in calculating retail inflation (CPI) to improve its accuracy, reliability...
- Ministry of Statistics and Programme Implementation bats for replacing closed units in IIP IndexUnder the proposed methodology, inactive units would be substituted with active ones that have at least 12 months of overlapping data to en...
- MoSPI proposes new base years for IIP, GDP & CPIThe government plans to update the base years for key economic indicators. The Index of Industrial Production (IIP) and Gross Domestic Prod...
- Govt proposes 2022-23 as base year for GDP, IIP: MinisterThe government has proposed revising the base year for key economic indicators, setting 2022–23 as the new base year for GDP and IIP, and 2...
- No index should eliminate source of natural fluctuation: TCA Anant, Chief StatisticianNow that the current GDP series and the IIP are on the same base, the directional bias has been eliminated
- Government to unveil new IIP, WPI series on FridayThe government will release on Friday the new series of Index of Industrial Production as well as Wholesale Price Index, with 2011-12 as th...
- India to launch new IIP series with 2011-12 base year on May 9The change in baseline for the IIP is expected to bring in more accuracy in mapping the level of economic activity and calculating other nu...
- There is more acceptance, credibility of new GDP data: Chief statistician T C A AnantAmid the controversy over GDP numbers,T C A Anant defends the new methodology of measuring economic activity and explains the logic behind ...
- Statistics ministry asks DIPP to explain core sector data revisionsThe core sector comprises eight infrastructure industries - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and...
- Do not look at IIP data on month to month basis, negative growth reflects year-end trend: TCA Anant, Chief Statistician of IndiaIn an interview with ET Now, TCA Anant, Chief Statistician of India, shares his views on the IIP numbers and the questions raised on its me...
- Comparision between IIP and PMI not meaningful: DIPPThe department said the methodology used for calculating the two indices was distinct, and hence, a comparison was not meaningful.
- New IIP index to better reflect economic trends launchedThe government has launched a new Index of Industrial Production (IIP), which seeks to offer a better gauge of the country’s industrial act...
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