🔆Index of Industrial Production (IIP)
✅ It is a composite indicator measuring changes in the volume of production of a basket of industrial products over a period of time.
✅ It measures the growth rate of industry groups classified under,
🔸 Broad sectors - Mining, Manufacturing and Electricity
🔸 Use-based sectors - Basic Goods, Capital Goods and Intermediate Goods
✅ Base year - 2011
✅ It is compiled and published on a monthly basis by the CSO (now known as National Statistics Office (NSO)) with a time lag of 6 weeks from the reference month.
#economy
#pre_revision
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✅ It is a composite indicator measuring changes in the volume of production of a basket of industrial products over a period of time.
✅ It measures the growth rate of industry groups classified under,
🔸 Broad sectors - Mining, Manufacturing and Electricity
🔸 Use-based sectors - Basic Goods, Capital Goods and Intermediate Goods
✅ Base year - 2011
✅ It is compiled and published on a monthly basis by the CSO (now known as National Statistics Office (NSO)) with a time lag of 6 weeks from the reference month.
#economy
#pre_revision
https://t.me/thegameoftoppers join for more
Floating Exchange Rate: Flexibility in Currency Valuation
✅Definition: A system where a currency's value is determined by supply and demand in the foreign exchange market, allowing exchange rates to fluctuate continuously.
✅Characteristics: Not officially pegged or fixed to any other currency or commodity.
✅ Enables currencies to adjust freely to economic conditions, trade imbalances, and market forces.
🔸 Example: Countries like Canada operate under the floating exchange rate system.
Managed Float: Balancing Flexibility with Intervention
✅Definition: Also known as a dirty float, it's a system where a country's central bank or government occasionally intervenes in the foreign exchange market to influence its currency's value.
✅Features: Exchange rate is allowed to float, but authorities may intervene to stabilize or manage its value in response to economic goals or to prevent
excessive volatility.
🔸Example: Countries like India and China adopt a managed float exchange rate system.
#pre_revision
#economy
✅Definition: A system where a currency's value is determined by supply and demand in the foreign exchange market, allowing exchange rates to fluctuate continuously.
✅Characteristics: Not officially pegged or fixed to any other currency or commodity.
✅ Enables currencies to adjust freely to economic conditions, trade imbalances, and market forces.
🔸 Example: Countries like Canada operate under the floating exchange rate system.
Managed Float: Balancing Flexibility with Intervention
✅Definition: Also known as a dirty float, it's a system where a country's central bank or government occasionally intervenes in the foreign exchange market to influence its currency's value.
✅Features: Exchange rate is allowed to float, but authorities may intervene to stabilize or manage its value in response to economic goals or to prevent
excessive volatility.
🔸Example: Countries like India and China adopt a managed float exchange rate system.
#pre_revision
#economy