Which of the following agencies release the index of industrial production to measure industrial performance in India?

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BPSC 66th Combined Competitive Exam Official paper
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  1. The National Sample Survey Office (NSSO)
  2. The Reserve Bank of India (RBI)
  3. The Central Statistics Office (CSO)
  4. The Indian Statistical Institute (ISI)
  5. None of the above/More than one of the above

Answer (Detailed Solution Below)

Option 3 : The Central Statistics Office (CSO)
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The correct answer is The Central Statistics Office (CSO).

Key Points

  • The Index of Industrial Production is an index that tracks manufacturing activity in different sectors of an economy.
  • The IIP number measures the industrial production for the period under review, usually a month, as against the reference period.
  • The IIP data is compiled and published by Central Statistical Organisation that operates under the Ministry of Statistics and Programme Implementation (MoSPI).
  • Mining, manufacturing, and electricity are the three broad sectors in which IIP constituents fall.
  • The eight core industries that comprise about 40 per cent of the weight of items included in the Index of Industrial Production-
    • Electricity
    • crude oil
    • coal
    • cement
    • steel
    • refinery products
    • natural gas
    • fertilisers 
  • The current base year of the index is 2011-12=100.
  • India's index of industrial production grew by 1% Year on Year as against a de-growth of 2.1% Year on Year in November.
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