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With reference to the revised all-India Index of Industrial Production, which of the following statements is/are correct?
1. The increased weightage for the electricity and manufacturing sectors have been compensated by a decrease in weightage for the mining sector
2. Data on electricity generation figures from renewable sources is being included in the revised index
Select the correct answer using the code given below:
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to the revised all-India Index of Industrial Production...
B is the correct option.The all India index of Industrial Production (IIP) is a composite indicator ... to represent the Mining, Manufacturing and Electricity sectors. Mining, manufacturing, and electricity are the three broad sectors in which IIP constituents fall.
Data on electricity generation figures from renewable sources is being included in the revised index BUT statement 1 is wrong the context.
 
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Most Upvoted Answer
With reference to the revised all-India Index of Industrial Production...
Revised all-India Index of Industrial Production
Increased weightage for Electricity and Manufacturing Sectors
- The revised all-India Index of Industrial Production has indeed increased the weightage for the electricity and manufacturing sectors.
- This change reflects the growing importance of these sectors in the overall industrial landscape of the country.
Compensation by Decrease in Weightage for Mining Sector
- To compensate for the increased weightage for electricity and manufacturing sectors, there has been a decrease in the weightage for the mining sector.
- This adjustment ensures a more balanced representation of the different sectors in the index.
Inclusion of Data on Electricity Generation from Renewable Sources
- One of the key changes in the revised index is the inclusion of data on electricity generation figures from renewable sources.
- This addition is significant as it reflects the increasing focus on sustainable and clean energy sources in industrial production.

Conclusion
Considering the above points, it is clear that statement 2 is correct. The revised index incorporates data on electricity generation from renewable sources, highlighting the shift towards a more environmentally friendly industrial production.
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With reference to the revised all-India Index of Industrial Production, which of the following statements is/are correct?1. The increased weightage for the electricity and manufacturing sectors have been compensated by a decrease in weightage for the mining sector2. Data on electricity generation figures from renewable sources is being included in the revised indexSelect the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
With reference to the revised all-India Index of Industrial Production, which of the following statements is/are correct?1. The increased weightage for the electricity and manufacturing sectors have been compensated by a decrease in weightage for the mining sector2. Data on electricity generation figures from renewable sources is being included in the revised indexSelect the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the revised all-India Index of Industrial Production, which of the following statements is/are correct?1. The increased weightage for the electricity and manufacturing sectors have been compensated by a decrease in weightage for the mining sector2. Data on electricity generation figures from renewable sources is being included in the revised indexSelect the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the revised all-India Index of Industrial Production, which of the following statements is/are correct?1. The increased weightage for the electricity and manufacturing sectors have been compensated by a decrease in weightage for the mining sector2. Data on electricity generation figures from renewable sources is being included in the revised indexSelect the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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