The revised IIP basket consists of 1,042 products mapped to 463 item groups. Within the manufacturing sector, the weight of 17 of the 23 segments has been hiked in the new IIP basket, including food & beverages, textiles, leather, wood products, pharmaceutical & medicinal products, motor vehicles, electrical equipment, etc.
On the
contrary, items like tobacco, coke and refined petroleum, basic metals, and printing and reproduction of recorded media have witnessed a reduction in their weight.
Source: NSO; CEIC; ICRA Research
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