The statistics ministry will roll out the new Index of Industrial Production (IIP) on June 1, updating the base year to 2022-23 from 2011-12.
The revamped index also widens its coverage to include minor minerals, rare earths, gas supply and waste management, among others, while introducing 120 new items to the basket, including magnetic stripe cards, CCTV cameras and vaccines. Anoushka Sawhney explains:
ET Bureau