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Read the following table carefully and give your comments. INDEX OF INDUSTRIAL PRODUCTION BASE 1993-94 Industry Weight in % 1996-97 2003-2004 General index 100 130.8 189.0 Mining and quarrying - Economics

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Question

Read the following table carefully and give your comments.

INDEX OF INDUSTRIAL PRODUCTION BASE 1993-94

Industry Weight in % 1996-97 2003-2004
General index 100 130.8 189.0
Mining and quarrying 10.73 118.2 146.9
Manufacturing 79.58 133.6 196.6
Electricity 10.69 122.0 172.6
Short Note

Solution

The following conclusions can be made by analyzing the above table.

  1. Manufacturing Industry has the highest weight of 79.58% as compared to the Mining and Quarrying and Electricity Industries that account for 10.73% and 10.69% respectively.
  2. The production of the Manufacturing Industry is higher than that of the Mining and Quarrying and Electricity Industries in both the years 1996-97 and 2003-04.
  3. Mining and Quarrying have the least growth performance while that of the Manufacturing Industry is the highest.
  4. The General Index is comparatively higher in the year 2003-04 than 1996-97. 
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Types of Index Number - Index of Industrial Production
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Chapter 8: Index Numbers - Exercise [Page 119]

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NCERT Statistics for Economics [English]
Chapter 8 Index Numbers
Exercise | Q 15. | Page 119
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