Release of Discussion Paper 2.0: Adoption of Chain-Based Index of Industrial Production (IIP)

• MoSPI released Discussion Paper 2.0 on 13 January 2026 proposing a shift of the Index of Industrial Production (IIP) from a fixed-base Laspeyres framework to a chain-based index.
• Part of a wider base-revision exercise covering GDP, IIP and CPI; relevant for GS-III (Indian Economy — growth, statistics, industrial policy).