Increase in Industrial Production

Index of Industrial Production (IIP) prepared by Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MOSPI) at 2004-05 base year measures performance of industrial production in the country. The growth of IIP in 2015 (January to December) was 3.3 per cent compared to 1.8 percent in the same period of 2014.

The Organisation for Economic Co-operation and Development (OECD) database provides estimates of Index of Industrial Production (IIP) for OECD countries and for other selected countries at the base year of 2010. As per IIP data of OECD, India registered 3.2 per cent growth in 2015, which is the highest among the growth of IIP of Japan, Korea, United Kingdom, United States, European Union (combined index of 28 countries), Brazil and Russia.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha.