New IIP Series: The new series of IIP will include 809 manufacturing products and 55 mining products that are re-grouped into 521 item groups.

• The new series of IIP will include technology items like smart phones, tablets, LED television etc.
• A technical review committee has also been established to identify new items by ensuring that the series remains relevant. The committee is slated to meet at least once a year. The base year has been changed to 2011-12.

New WPI Series: The number of items covered in the new series of the WPI has increased from 676 to 697. Overall, 199 new items have been added and 146 old items have been dropped.

• Under the new series of WPI, weight of manufactured items has decreased to 64.2 per cent from 64.9 per cent in old series.
• Similarly, the weight of fuel and power has decreased to 13.1 per cent from 14.9 per cent. On the other hand, the weight of primary items have increased to 22.6 per cent from 20.1 per cent.
• The base year is 2011-12.