4 days ago
1
India's concern accumulation expanded astatine a slower gait of 4.9% successful April owed to tepid maturation successful the vigor assemblage amid the West Asia crisis, according to authoritative information released connected Monday (June 1, 2026).
This is the archetypal information released aft the revision successful basal twelvemonth to 2022-23.
The mill output, measured successful presumption of the Index of Industrial Production (IIP), expanded by 5.7% successful April 2025.
The maturation rates of the 4 sectors — mining & quarrying, manufacturing, energy & state supply, h2o supply, sewerage & discarded absorption — for April 2026 stood astatine (-) 5.1%, 6.2%, 4.9% and 6.6%, respectively, an authoritative connection said.
The speedy estimation of IIP stands astatine 118.9 against 113.1 successful April 2025, it said.
The Ministry of Statistics & Programme Implementation (MoSPI) has revised the basal twelvemonth of the Index of Industrial Production (IIP) from 2011-12 to 2022-23. The revised handbasket consists of 1,042 products mapped to 463 point groups, including 120 caller point groups.
The basal twelvemonth revision workout was undertaken nether the aegis of the Technical Advisory Committee for Base Year Revision of the All India Index of Industrial Production (TAC-IIP).
The committee's study was released connected May 25, 2026, laying the instauration for a much robust, relevant, and broad measurement of concern accumulation successful India.
This is the 10th revision of the basal twelvemonth for IIP. The archetypal IIP was prepared with a basal twelvemonth 1937.
According to the MoSPI, the caller IIP bid provides greater granularity with abstracted indices for the procreation of energy done renewable and non-renewable, state supply, substance minerals, metallic minerals and non-metallic minerals, h2o supply, sewerage and discarded management.
In the caller IIP series, a full of 120 caller point groups person been added, including cards with a magnetic stripe (debit card, recognition card), CCTV camera, articles of non-woven textiles, parts of craft and spacecraft, stents, and vaccine.
Also, 64 point groups, including kerosene, fluorescent tubes and CFLs, tubes for bicycle/ tricycle/ rickshaw/LMV tyres, printing machinery, and sewing machines, person been dropped.
An expanded point handbasket improves representativeness, captures diversification successful concern production, and reflects emerging concern products and technologies, MoSPI said, adding that the IIP volition beryllium released each period with a clip lag of 28 days from the notation month.
