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Revision of the IIP base
November 15 , 2025
13 hrs 0 min
9
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- The Ministry of Statistics and Programme Implementation (MoSPI) has released Discussion Paper 1.0 on the substitution of factories in compiling the Index of Industrial Production (IIP).
- MoSPI is revising the IIP base series by updating methodologies, exploring new data sources, and consulting experts and stakeholders.
- Some factories in the current panel may be non-operational or have changed production, requiring substitution to maintain continuity in the data series.
- The paper outlines the proposed methodology for replacing such factories with suitable substitutes producing the same item or item group.
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