IIP Data
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Index of Industrial production is released monthly index which details out the growth of various sectors in an economy includes with three major sectors viz. Mining & Quarrying, Manufacturing & Electricity of State economy IIP data is releases made by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation with the current series of all-India IIP (base 1993-94) was released in May 1998, using the data supplied by the 15 source agencies. It covers the Mining, Manufacturing and Electricity sectors with weights of 10.47%, 79.36% and 10.17% respectively. Index of Industrial Production (IIP) is an abstract number, the magnitude of which represents the status of production in the industrial sector for a given period of time as compared to a reference period of time. By the IIP data, we test out performance of industrial, its performance of industrial which affects to stock market. A very original aspect of equity investing understands the company and sector in which you invest. There are a number of sectors, and equity investors require some particular knowledge to make knowledgeable investment decisions. One of those sectors is Index of Industrial production data for traders and investors For Investors, through this statement, investors can choose top quality item from sectors, and try to know about your item of portfolio. For Traders, on the date of declare of index of industrial data may get volatility. Volatility is crying for most of 85% traders as per our prediction. Formula: The index is a simple weighted arithmetic mean of production relatives calculated by using Laspeyre’s formula: Where I is the Index, Ri is the production relative of the ith item for the month in question and Wi is the weight allotted to it.
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