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It is a composite indicator that measures the growth rate of industry groups classified under: Statement I is not correct - Broad sectors namely Mining, Manufacturing, and Electricity. Use-based sectors, namely Basic Goods, Capital Goods, and Intermediate Goods. Statement II is correct - It is compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation. IIP remains extremely relevant for the calculation of the quarterly and advanced GDP (Gross Domestic Product). Statement III is not correct - Base Year used for Index of Industrial Production is 2011-2012.