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02 June 2026 5 views

Index of Industrial Production (IIP) — Base Year Revision to 2022-23

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theIAShub
02 Jun, 2026
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Index of Industrial Production (IIP) — Base Year Revision to 2022-23
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Macroeconomic indicator measuring short-term changes in industrial production volume, now revised with 2022-23 as the new base year replacing 2011-12.

Why in News

India's Index of Industrial Production (IIP) growth slowed to 4.9% in April 2026 from 5.8% in April 2025, while the government introduced a revised IIP series with 2022-23 as the new base year, replacing 2011-12.

Key Facts

  • Published byNational Statistical Office (NSO) under Ministry of Statistics and Programme Implementation (MoSPI).
  • Definition — macroeconomic indicator measuring short-term changes in volume of industrial production over a specific period.
  • Base year updated — from 2011-12 to 2022-23 in 2026, making it the latest major indicator revised alongside GDP.
  • Base year index value — always set to 100; current production measured as percentage against it.
  • Expanded product basket — now tracks 1,042 products mapped to 463 item groups (up from 839 items and 407 groups).
  • April 2026 performance — overall IIP growth 9%; manufacturing sector 6.2% (76% weight); mining sector contracted over 5%.
  • Use-based trends — capital goods grew 16%, infrastructure/construction goods 1%; consumer durables and non-durables moderated. (UPSC Mains Usage: GS3 Economy — industrial growth indicators, manufacturing sector performance)

Quick Revision Box

Term

Detail

IIP Full Form

Index of Industrial Production

Published By

NSO under MoSPI

New Base Year

2022-23 (revised in 2026)

Old Base Year

2011-12

Product Basket

1,042 products, 463 item groups

April 2026 Growth

4.9% (down from 5.8% in April 2025)


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