Q3: What is the chain-linked methodology?
A: It is a new method that allows sector weights to be updated every year instead of remaining fixed for many years. This better captures structural changes in the economy.
Q4: Which new sectors will be included in the updated IIP?
A: New sectors include gas supply, water supply, sewerage, waste management, minor minerals, and rare earth minerals.
Q5: How has the electricity sector classification changed?
A: Electricity generation will now be tracked separately under two categories: renewable energy sources and non-renewable energy sources.
Month: Current Affairs - May 26, 2026
Category: Indian Economy, Economic Indicators