Economics · Economic Indicators
A state government is reviewing industrial performance indicators to assess cyclical recovery in manufacturing. Consider the following statements regarding the Index of Industrial Production (IIP): 1. IIP measures changes in the volume of production and is compiled on a fixed base year. 2. The manufacturing sector carries the highest weight in the IIP basket. 3. IIP captures value added at basic prices across sectors. 4. Capital goods index under IIP is often treated as a proxy for investment demand. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3 only
- 22 and 3 only
- 31 and 3 only
- 41, 2 and 4 only✓
Correct answer
1, 2 and 4 only
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