| Key Aspect | Details |
|---|---|
| What is IIP? | Measures short-term changes in output of mining, manufacturing, electricity sectors. Published monthly by MoSPI. |
| Purpose of IIP | - Gauge industrial activity trends.<br> - Input for Gross Value Added (GVA) calculations.<br> - Widely used by researchers and policymakers. |
| Base Year Revision | Likely revised to 2022-23, aligning with other statistics like GDP. |
| Factory Substitution | Criteria:<br> - Zero production for 3 consecutive months.<br> - No data for 3 months.<br> - Permanently closed or changed production line.<br> Impact: 8.9% of current sample consists of non-operational units. Solution: Replace with suitable substitutes for continuity. |
| Broader Methodology Review | - Revisiting methodologies.<br> - Updating product basket: dropping obsolete items, adding new-age industries (e.g., vaccines, LED bulbs). |
| Stakeholder Feedback | Discussion paper released; feedback invited until 25 November 2025. |
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