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Option 1 : Central Statistics Office
The correct answer is Central Statistics Office.
- The Index of Industrial Production (IIP) is computed and published by the Central Statistical Organisation (CSO) on a monthly basis.
- The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a stipulated period of time.
- IIP is a composite indicator that measures the growth rate of industry groups classified under:
- Broad sectors, namely, Mining, Manufacturing, and Electricity.
- Use-based sectors, namely Basic Goods, Capital Goods, and Intermediate Goods.
- Currently, IIP figures are calculated considering 2004-05 as the base year.
- The Central Statistics Office is a governmental agency in India under the Ministry of Statistics and Programme Implementation.
- CSO located in New Delhi.
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