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Informist, Tuesday, Jun. 2, 2026

 

NEW DELHI – The new Index of Industrial Production series, with 2022-23 (Apr-Mar) as the base year, showed stronger growth in industrial output between FY24 and FY26 compared with the previous series, according to data released Monday. IIP growth averaged 5.8% over the three years ended FY26 in the new series, up from 4.7% in the old series. 

 

The higher growth was mainly driven by the mining and quarrying sector in FY26, electricity output in FY25, and manufacturing in FY24, according to a comparison of the two series, with FY23 and FY12 as base years.

 

The Ministry of Statistics and Programme Implementation released the new IIP series on Monday, which includes new sectors such as gas supply, water supply, and rare earth minerals, and tracks more items, leading to better coverage of the industrial sector.

 

In the new series, the manufacturing sector accounts for 76.1%, down from 77.6% in the FY12 series. The mining and quarrying sector now accounts for 11.1%, down from 14.4% in the old series, while the electricity and gas supply sector accounts for 10.9%. The water supply, sewerage and waste management, the new additions in the basket, account for 2%.

 

In FY26, India's factory output rose 4.3% on the new series, slightly higher than 4.1% as per the old series. The mining and quarrying industry output rose 3.7% in the new series, faster than 1.4% in the old series.

 

Electricity output growth in the new series was 1.1% in FY26, compared with 1.0?cording to the old series. However, manufacturing industry output growth slowed to 4.9% in the new series from 5.0% in the old series. 

 

India's industrial production rose 6.4% in FY25 in the new series, compared with 4.0% in the old series. Electricity production led growth, with a 9.5% rise in output in FY25, whereas the old series showed growth of 5.2%. In FY24, industrial output grew 6.7% in the updated series, higher than 5.9% as per the previous series.  End

 

Reported by Shweta

Edited by Saji George Titus

 

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