Index of Industrial Production (IIP) Section
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Index of Industrial Production (IIP) is one of the Prime indicators of the economic
development for the measurement of trend in the behavior of the Industrial Production
over a period of time with reference to a chosen base year.
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It indicates the relative change of physical production in the field of industries
during a specified year as compared to previous year.
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Functions of IIP Section
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1. |
To prepare monthly as well as Annual Index of Industrial Production.
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2. |
To compile district wise as well as group wise main characteristics of Annual Survey
of Industries (ASI) returns. |
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3. |
Presently, the IIP is prepared for Manufacturing & Electricity sectors with
1993-94 as base year.
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4. |
Report on Index of Industrial Production of Haryana is prepared annually. |
Data Source and Methodology
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1. |
The annual IIP and summary results are prepared on the basis of Annual Survey of
Industries (ASI) returns received from NSSO (FOD), Govt. of India.
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2. |
For preparation of Monthly IIP, the department collects monthly production data
directly from selected industrial units in the State through its District Statistical
Officers. |
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3. |
Methodology followed : as suggested by CSO, New Delhi |
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Usage and Importance of Index of Industrial Production |
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1. |
State level |
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(a) |
Used by the Government and Planners at different level for different Policy decisions
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(b) |
Used by the department for preparation of state income estimates of manufacturing
sector. |
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2. |
Central Government |
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(a) |
Used by the Government and Planners at different level for different Policy decisions
and other purposes in context to Haryana.
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Revision of Base year of IIP
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1. |
To capture the changes in the industrial sector, the State series of IIP is revised
from time to time by dropping obsolete items, including the new items in the basket
and also shifting the base year to a more recent one.
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2. |
The State is now revising the current series of State IIP by shifting its base year
from 1993-94 to 1999-2000.
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3. |
Steps involved for revision of base year are
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(a) |
Selection of items basket |
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(b) |
Weighting Diagram
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(c) |
Selection of industrial units for data collection. |
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4. |
Statistical methods are applied to arrive at IIP after finalisation of items basket,
weighting diagram and collecting production data from the selected industrial units. |
Summary Results of ASI
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This section also compiles district wise and group wise various characteristics
of ASI returns i.e output, input, depreciation, net value added and number of workers
on annual basis.
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