ommenting on the new index, the country's chief statistician TCA Anant said the new series reflects the industrial situation much better. 42 items including type writers, tape recorders, and cotton cloth have been dropped from the new index, reports CNBC-TV18.
He said, “We have released, revised IIP index today with a new base year of 2004-05. The base revision inhaled both a change in the weighting diagram as well as the coverage of products and in each product a fresh list of entities from which the data is being gathered was also work out.”
“There are a number of items that have been dropped which include things like typewriter, tape recorders, ampicillin, penicillin, auto nosery clock and so on. There is a list of I think 42 items.”
Source: www.moneycontrol.com
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Gaurav Agarwal
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DENIP Consultants Pvt Ltd
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