2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3%
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7%
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8%
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2%
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Detailed explanation-1: -The Index of Industrial Production (IIP) grew by 1 per cent in November 2021. As per the IIP data released by the National Statistical Office (NSO), the manufacturing sector’s output grew by 6.1% in November 2022. The mining output rose by 9.7% and power generation increased by 12.7% during the month under review.
Detailed explanation-2: -For the month of November 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 137.1. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2022 stand at 122.7, 136.7 and 166.7 respectively.
Detailed explanation-3: -Industrial Production in India is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
Detailed explanation-4: -The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period.