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What is not included in the Index of Industrial Production (IIP), which is the measure of Industrial activities in the Indian Economy?
Gas and water supply
Electricity
Manufacturing
Mining
Option 4th is odd one out.
Index of Industrial Production (IIP)
The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a fixed period of time.
It is compiled and published monthly by the Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation.
IIP is a composite indicator that measures the growth rate of industry groups classified under:
Broad sectors, namely, Mining, Manufacturing, and Electricity.
Use-based sectors, namely Basic Goods, Capital Goods, and Intermediate Goods.
Sectors included: Mining, Manufacturing, and Electricity
Excluded sectors: Services like retail, banking, education, healthcare
Reason for exclusion: Difficulty in obtaining reliable data for service sector activities
Note: Gas and Water Supply: This sector is not part of the IIP's measured sectors. IIP mainly focuses on industrial production rather than utilities.
Hence option 4th is correct.
By: Parvesh Mehta ProfileResourcesReport error
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