EconomyFriday, 3 July 2026·The Hindu - Economy
IIP growth rises to 5.1% in May 2026; MOSPI shifts new series to PPI-based measurement
Industrial output grew 5.1% in May 2026, and MOSPI updated the IIP series with 2022-23 base year and PPI-based measurement.
Key highlights
Direct fact
In May 2026, India’s Index of Industrial Production grew 5.1%, and the Ministry of Statistics and Programme Implementation said the new IIP series would use 2022-23 as the base year and PPI-based measurement instead of WPI for some value-based outputs.
Key specifics
- The manufacturing sector grew 5.5% in May 2026.
- Electricity and gas supply growth quickened to 9.9% in May 2026, a 2-year high.
- Mining and quarrying contracted by 1.6% in May 2026, the fifth consecutive month of contraction.
- Consumer durables grew 7.2% and consumer non-durables grew 3.6% in May 2026.
- MOSPI said the earlier WPI-based IIP 2022-23 series released on June 1, 2026 was superseded by the PPI-based series.
Exam lens
Economy and industrial production question type: IIP base year, WPI to PPI shift, sectoral growth rates; TNPSC may ask which sector contracted and which category hit a 2-year high in May 2026.