Index of Industrial Production (IIP) prepared by Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MOSPI) at 2004-05 base year measures performance of industrial production in the country. The growth of IIP in 2015 (January to December) was 3.3 per cent compared to 1.8 percent in the same period of 2014.

The Organisation for Economic Co-operation and Development (OECD) database provides estimates of Index of Industrial Production (IIP) for OECD countries and for other selected countries at the base year of 2010. As per IIP data of OECD, India registered 3.2 per cent growth in 2015, which is the highest among the growth of IIP of Japan, Korea, United Kingdom, United States, European Union (combined index of 28 countries), Brazil and Russia.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha.

Industrial production growth: India led listed countries in 2015 IIP comparisons, according to an official statement. Index of Industrial Production growth for 2015 shows national IIP (base 2004-05) rising 3.3% for January-December 2015 versus 1.8% in 2014, and international IIP estimates (base 2010) record India as having the highest growth among a listed set of countries for 2015; the data were supplied in a written parliamentary reply citing official statistical releases and an international database.