neutral
India to update industrial-output index by replacing shut factories in IIP sample
India’s statistics ministry has proposed a methodological change in its industrial output measurement by replacing non-operational factories with active units in the Index of Industrial Production (IIP). Closed factories that report zero output over three consecutive months will be reviewed; if confirmed inactive, they may be substituted with comparable, operational factories from the latest industrial survey.
The move is part of a broader effort to align economic statistics with the base-year revision to 2022-23, aiming for more accurate industrial data.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:Mutual Fund Themes
neutral
India to update industrial-output index by replacing shut factories in IIP sample
India’s statistics ministry has proposed a methodological change in its industrial output measurement by replacing non-operational factories with active units in the Index of Industrial Production (IIP). Closed factories that report zero output over three consecutive months will be reviewed; if confirmed inactive, they may be substituted with comparable, operational factories from the latest industrial survey.
The move is part of a broader effort to align economic statistics with the base-year revision to 2022-23, aiming for more accurate industrial data.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:Mutual Fund Themes
1 min read
79 words
India plans to revise IIP sampling, replacing shut units with active ones to improve industrial-output accuracy.
India’s statistics ministry has proposed a methodological change in its industrial output measurement by replacing non-operational factories with active units in the Index of Industrial Production (IIP). Closed factories that report zero output over three consecutive months will be reviewed; if confirmed inactive, they may be substituted with comparable, operational factories from the latest industrial survey.
The move is part of a broader effort to align economic statistics with the base-year revision to 2022-23, aiming for more accurate industrial data.
India’s statistics ministry has proposed a methodological change in its industrial output measurement by replacing non-operational factories with active units in the Index of Industrial Production (IIP). Closed factories that report zero output over three consecutive months will be reviewed; if confirmed inactive, they may be substituted with comparable, operational factories from the latest industrial survey.
The move is part of a broader effort to align economic statistics with the base-year revision to 2022-23, aiming for more accurate industrial data.
Tags:
- economy
- india
- economy
- india
- industry
- iip
- statistics