check put www.igsias.in
Index numbers
It is a statistical tool which is used to measure the change in any variable
Reference time - Base Year
Reference number - 100
IIP(Index of industrial production )
Criteria of selection of the Base year
1) Normal Year - average
2) Most recent year - as far as possible
Again Government is planning to revise the base year for WPI, IIP
3) Availability of relevant data
Why we have selected 2011-12 as a base year - It is due to the availability of data (latest data available)
#IASpreparationonline
#indianeconomynotes
#freeIASpreparationmaterial
#upscpreparation 2021
#upscpreparation2022
#IASpreparationbooks
#IASpreparationsyllabus
#IASpreparation in Hindi
#booksforupscpreparation
#upscsyllabus
#upscfullform
#upscresult
#upscexamdate2023
#upscexam date 2023
#upsccse
#upscrecruitment
#pcsexam
