Frequently Asked Questions (FAQs)

• IIP FAQ release (26 May 2026) by MoSPI explains the shift of the All India Index of Industrial Production base year from 2011-12 to 2022-23, with the new series launching 1 June 2026.
• IIP is a volume index of industrial output; it is a high-frequency macro indicator alongside GDP and WPI used for short-term industrial activity tracking.
• UPSC relevance: GS-III (Indian economy, growth, statistical system) — frequent prelims hook on base-year revisions, compiling agency and sectoral weights.