IIP base year revision: Small statistical step, large policy leap
By: Rashi Anchalia & Manoj Pandey, Junior Statistical Officer, DPIIT, Ministry of commerce and industry, Government of India
Economic indicators rarely attract public attention, but they quietly shape how the economy is understood and governed in real time. The Index of Industrial Production (IIP), one such measure of industrial activity, is now being revised to reflect more recent economic conditions, with the base year updated from 2011–12 to 2022–23 following the official launch of the new series on June 1, 2026.
What the IIP is, and why it matters
The Index of Industrial Production (IIP) is a measure that shows how India’s industries are performing over time. It tracks changes in the output of factories, mines, and electricity generation. To keep it relevant, the government updates it periodically to reflect changes in the economy, adding new industries, removing outdated ones, and improving how it is measured. Manufacturing forms the largest...
Copyright of this story solely belongs to expresscomputer.in. To see the full text click HERE
