Index:
Industrial Production

The IIP is compiled as a simple weighted arithmetic mean of production relatives by using Laspeyre’s formula. The IIP is a quantum index, the production of items being expressed in physical terms. The scope of the IIP as recommended by the United Nations Statistical Office (UNSO) includes mining, manufacturing, construction, electricity, gas and water supply. But due to constraints of data availability, the IIP compiled in the State of Nagaland includes mining, manufacturing and electricity.
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