Current Affairs

Industrial Production in November 2019

Current context: According to the National Statistical Office (NSO) data released on 10th January 2020, the industrial output grew 1.8% in November 2019.
Industrial Production in November 2019
  • The growth in the manufacturing sector was 2.7 % as against a contraction of 0.7% in November 2018.
  • The Index of Industrial Production (IIP) had grown by 0.2% in November 2018.
  • In November 2019, Electricity generation turned negative (-) 5% as against a growth of 5.1% in November 2018.
  • Mining sector output decelerated to 1.7% from 2.7% in the year-ago month.
  • The Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an economy such as mineral mining, electricity and manufacturing.
  • IIP Index Components include industries (comprise about 40 per cent of the weight of items included) namely Electricity, crude oil, coal, cement, steel, refinery products, natural gas, and fertilisers along with Mining, manufacturing, and electricity.
  • IIP data is compiled and published by the Central Statistical Organisation under the Ministry of Statistics and Programme Implementation (MoSPI).

Question: 

Q.1 The Index of Industrial Production (IIP) is published by?
a. Reserve Bank of India
b. SEBI
c. Central Statistical Organisation
d. Ministry of Steel
Industrial Production in November 2019 Industrial Production in November 2019 Reviewed by Neha Verma on January 11, 2020 Rating: 5

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