10TH JUNE
The base year of all India Index of Industrial Production (IIP)
- has been revised by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation from 1993-94 to 2004
- The revision of base year of IIP was undertaken based on the recommendations of the Standing Committee on Industrial Statistics (SCIS), constituted by the Ministry of Statistics & PI.
- The SCIS includes members from concerned Ministries, and it is presently chaired N by Dr. Biswanath Goldar, Professor, Institute of Economic Growth. The National Statistical Commission (NSC) also recommended revision of base year of IIP to 2004-05.
- A representative item basket comprising 682 individual items has been selected for the new series of IIP.
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