The new IIP series (2011-12), launched today, is a marked improvement over the old series in terms of representativeness of the items basket as well as weights. As per the new series, IIP grew ~3.8% YoY on an average during FY13-17 versus ~1.4% in the old series, with all sub-segments clocking better growth. The consumer durables category stands out in terms of divergence — average 5% growt...