India, Jan. 28 -- The Government of India has issued a release:
The Ministry of Statistics and Programme Implementation (MoSPI) is undertaking the base revision exercise of the Index of Industrial Production (IIP). In the process, MoSPI is revisiting methodologies, exploring new data sources and incorporating changes after comprehensive consultations with the experts, academicians, users and other stakeholders.
Although, industrial production is significantly influenced by seasonality and calendar effects, India has not attempted to publish seasonally adjusted IIP series so far and users were expected to undertake such analysis separately using methods and tools of their choice. However, in light of an increasing demand for a seasonally a...