What does US industrial production measure? Check Answer at BYJU’S
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What does US industrial production measure?

The US Industrial Production Index measures output of electric and gas utilities industries, mining industry, and manufacturing industry. The reference period used while calculating the industrial production index in the US is 2017. You can read about the Index of Industrial Production [UPSC Economy Notes] in the given link.

While calculating the Index of Industrial production in India, the base period is 2011-12 and 8 core industries have around 40% weightage.

Further readings:

  1. Merger of NSSO and Central Statistical Office (CSO) to form National Statistical Office (NSO)
  2. Core Sectors of the Indian Economy

Related Links

Consumer Price Index (CPI) – Indian Economy Notes

Wholesale Price Index (WPI) – Indian Economy Notes

Purchasing Managers Index (PMI) – Calculation, Role in Economy

Producer Price Index (PPI): Definition, PPI versus CPI and WPI

Gini Coefficient – Definition, Calculation and India’s Rankings

Department for Promotion of Industry and Internal Trade (DPIIT) earlier known as DIPP

Previous Years Economics Mains Questions for UPSC General Studies Paper – 3

Download Indian Economy Notes For UPSC Examination

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