Description
The Industrial Production Index (IPI) in India is compiled and released by the Ministry of Statistics and Programme Implementation (MOSPI). The IPI serves as a crucial indicator for monitoring the performance of the industrial sector, encompassing manufacturing, mining, and electricity, and its contribution to overall economic activity. A rising IPI signifies industrial growth, while a decline indicates a slowdown. Typically, an IPI growth rate exceeding 5% is considered healthy, whereas a negative growth rate suggests a contraction.
The data is updated monthly and is usually released around six weeks after the reference month.