IIP growth slows to 4.9% as new data shows dip in mining activity
Key points
- Industrial output, as measured by the Index of Industrial Production, grew 4.9% in April 2026, slower than 5.8% in the same period last year, according to the new IIP series released on Monday (June 1, 2026).
- The IIP series, which till now had 2011-12 as its base year, has now been updated to 2022-23. In the new series, the coverage has been broadened by incorporating gas supply and water supply, sewerage & waste management activities to the existing core categories of mining and quarrying, manufacturing, and electricity.
- Of the four sectoral indices, three grew at a slower pace and one shrunk in the reporting month on a year-on-year basis, with mining and quarrying output declining by over 5% in April 2026. Manufacturing sector output grew at 6.2% in the reporting month, slightly slower than the 6.3% in 2025. Within the manufacturing sector, which constitutes about 75% of the IIP basket...
Quick Summary
Industrial output, as measured by the Index of Industrial Production, grew 4.9% in April 2026, slower than 5.8% in the same period last year, according
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to IIP growth slows to 4.9% as new data shows dip in mining act.
Key Takeaways
- Industrial output, as measured by the Index of Industrial Production, grew 4.9% in April 2026, slower than 5.8% in the same period last year, according to the new IIP series released on Monday (June 1, 2026).
- The IIP series, which till now had 2011-12 as its base year, has now been updated to 2022-23.
- In the new series, the coverage has been broadened by incorporating gas supply and water supply, sewerage & waste management activities to the existing core categories of mining and quarrying, manufacturing, and electricity.
- Of the four sectoral indices, three grew at a slower pace and one shrunk in the reporting month on a year-on-year basis, with mining and quarrying output declining by over 5% in April 2026.
- Manufacturing sector output grew at 6.2% in the reporting month, slightly slower than the 6.3% in 2025.
📌 Source: The Hindu
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