Publishing Date of IIP data in India
When are the IIP numbers published?
Usually IIP numbers of a particular month would be published after two months. The date of publishing IIP numbers are usually before noon on the 12th of a month. The dates are indicative based on the previous publishing dates, it can be anywhere between 11th to 14th of a month..
How IIP Data is formed?
IIP data is a simple index which provides information about the growth of different sectors of our economy like mining, electricity, Manufacturing & General. The IIP index reflects the growth in Indias industrial activity and excludes all kinds of services. The base year for the index over the period of the analysis is 1993-94.
Use-Based Classification
Another classification is use-based (consumption based), where IIP is classified on the base of use like Basic Goods, Capital goods, Intermediate goods & consumer goods.
Sectors in IIP Data
The weightage of Indian IIP data is broadly divided into three segments manufacturing (79.36%), mining & quarrying (10.47%) and electricity (10.17%)…
Manufacturing : includes items like food items, machinery, wood furniture etc
Electricity : includes generation and transmission of electricity ( from various sources like - thermal, hydro, solar etc)
Mining : includes mining of coal, oil other metals etc
IIP (Index of Industrial Production) numbers are indeed important from the point of view of investors. IIP numbers can provide accurate data on which sector is booming at the current stage. This data can be very useful for large as well as small investors, FIIs, etc. IIP numbers can also be used for a comparative study of various industrial sectors and the investors can decide their portfolio accordingly.
The IIP data is released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The base year for IIP has been revised from 1993-94 to 2004-05. To compare two different reports of IIP, there is a linking factor which helps to match two values. IIP is compiled using data received from 16 source agencies. Currently, IIP values for the month if Aug is 6.4% as against 0.5% last year which is a good sign towards recovery. Also, the Chinese slowdown and policy reforms by Indian government has helped to garner improvement.