
Center changes in IIP calculation
The central government has made changes in the method of calculating the Index of Industrial Production, which measures the country's industrial growth. In line with the changing economic landscape, the scope of IIP is being expanded to reflect industrial progress in a more transparent manner. The base year 2011-12 has been replaced by the financial year 2022-23 as the new base year. The government will officially release this new series on June 1.




