(a) whether the index of industrial production has been revised twice during the current year;
(b) if so, the details thereof; and
(c) the reasons therefor?
(a) whether the index of industrial production has been revised twice during the current year;
(b) if so, the details thereof; and
(c) the reasons therefor?
THE MINISTER OF STATE (INDEPENDENT CHARGE), MINISTRY OF STATISTICS & PROGRAMME IMPLEMENTATION
AND MINISTRY OF CHEMICALS & FERTILIZERS (SHRI SRIKANT KUMAR JENA)
(a), (b) & (c): The Index of Industrial Production (IIP) for a particular month is released by
Central Statistics Office (CSO) as Quick Estimate (QE) with six weeks’ time lag from the close
of the month. The QE is then revised twice with the first revision after one month and final
revision after three months from the month of release of QE. The revisions are made to take
into account additional/ revised production data received from the source agencies during the
intervening period.
The details of the indices, released during the current financial year (2013-14), the QE and
the two revisions, are given in the Table at Annex I.