New Delhi: In a move aimed at improving the accuracy of India’s industrial data, the Ministry of Statistics and Programme Implementation (MoSPI) has proposed a major change in the methodology used by the Index of Industrial Production (IIP), one of the country’s key economic indicators of industrial output.

Released monthly by the ministry, the IIP measures short-term changes in the volume of industrial output in India, thereby serving as a key indicator of activity in the mining, manufacturing and electricity sectors.

In a discussion paper released Tuesday, MoSPI has suggested replacing factories, which have shut shop or factories that have changed their production line, with working or active factories in the existing sample of the industrial index. Show Full Article

According to the

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