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MSME Ministry to develop separate IIP data

June 13, 2011 | COMMENTS ( 0 )

MSME Ministry to develop separate IIP data

Ministry of Micro, Small & Medium Enterprises (MSME) may develop the separate Index of Industrial Production (IIP) for the MSME sector, for which the Committee of Secretaries (COS) would provide necessary technical guidance.

COS in its meeting held on 10th May approved the release of the new series of IIP with 2004-05 as its base and directed that the new series of IIP may be released for the month of April, 2011 onwards.

The monthly production data for the compilation of new series of IIP are being made available to the CSO by sixteen (16) source agencies. 14 out of 15 source agencies are retained in new series. Department of Chemicals & Petrochemicals and Department of Fertilizers are included in the new series as independent source agencies because of growing importance of their respective industries. The existing IIP data covers only big industrial segments.

Ministry of MSME is presently excluded as a source agency for new series of IIP, though bigger units of MSME sector, which are part of the coverage of Annual Survey of Industries (ASI) are already included in the item basket.

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