New Delhi: Items like gutka, calculators and colour TV picture tubes have been removed from the new series of Index of Industrial Production with 2011-12 as base year, while steroids and refined palm oil are among those that have found place in it. The changes effected by the government in the product basket are aimed at capturing the economic data in a more comprehensive manner. The 149 new items include steroids and hormonal preparations, cement clinkers, medical/surgical accessories, pre-fabricated concrete blocks and refined palm oil. On the other hand, 124 items such as biaxially oriented polypropylene films, calculators, colour TV picture tubes, gutka have been deleted from the 2004-05 series. The revised series uses the national industrial classification (NIC) 2008 for the purpose of classification of industrial production.

Source: Mint May 12, 2017 16:07 UTC