The changes effected by the government in the product basket are aimed at capturing the economic data in a more comprehensive manner.
The revised series uses the National Industrial Classification (NIC) 2008 for the purpose of classification of industrial production.
The ministry also said in a statement that in order to reflect the increasing significance of electricity generation from renewable sources, it has been decided to include the data in the new series.
He said certain items which were in the old series are present in the new series as well, but are appropriately reclassified either by splitting up old items or combining them.
"An effort has been made to broad-base data collection to ensure that we get data from much larger establishments," he added.
He also said that with the release of the new series of IIP (base 2011-12), an institutional mechanism has been established for facilitating dynamic revision of the item list of products and the panel of factories, through a Technical Review Committee, chaired by Secretary, Ministry of Statistics.
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