IIP Current Affairs - 2020

GoI releases First Advance Estimates: GDP Growth Rate predicted as 5%

On January 7, 2020, the CSO (Central Statistics Office) operating under Ministry of Statistics and Programme implementation released the first advance estimates of GDP number for the fiscal year 2020. The numbers are in line with the predictions of Reserve Bank of India Highlights According to the report, the GDP growth is estimated at 5% Read More…

Growth of eight core sectors slows to 2.1% in July 2019

According to official data released by Government, Growth of eight core industries (Index of Eight Core Industries) dropped to 2.1% in July 2019. It was mainly due to contraction in coal, crude oil, natural gas and refinery products. These eight sectors had expanded by 7.3% in July 2018. Moreover, it has declined by 6.2% during Read More…

Industrial production growth slows to 1.7% in January 2019

The Central Statistics Office (CSO) has released the data for the Index of Industrial Production (IIP) for the month of January. The IIP data shows that: Industrial output growth stood at 1.7 per cent in January against the 2.6% growth recorded in December 2018. The CSO has revised the industrial production growth for December 2018 has Read More…

Growth Rate in the Core Sector witnesses Decline

The growth rate eight core sectors which include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity witnessed a decline as per the data from the Ministry of Commerce and Industries. Reduced growth rate of Core Sector The core sector which had witnessed a 6.2% growth in January 2018 witnessed a growth Read More…

Index of Industrial Production of November: Key Facts

The Index of Industrial Production for the month of November has been released by the Central Statistical Office, under the Ministry of Statistics and Programme Implementation. The Index of Industrial Production (IIP) provides details about the growth of various sectors in an economy such as mineral mining, electricity and manufacturing. IIP is a composite indicator that Read More…