IIP - Index of Industrial Production
What is it?
How to monitor it?
When it is announced?
Reasons for gain or fall?
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Factory output, as measured by the Index of
Industrial Production ( IIP)
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Showing slump in theeconomy,
the industrial growth has slipped to 0.6 per cent in February this year
mainly on account of contraction in power generation and mining output and
poor performance of manufacturing sector.
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The manufacturing sector, which constitutes over 75
per cent of the index
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Overall, 13 of the 22 industry groups in
manufacturing sector have shown positive growth during February
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Barring
consumer goods, all other constitiuents of industrial output basket have
declined. Mining sector, electricity and consumer non-durables growth
continue to disappoint. Manufacturing growth fell to 2.2 percent versus 4
percent year-on-year
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