Factory output grows at slower pace of 4.9% in April under new IIP series
Practice PYQs on this topic
500+ questions on Economy with explanations
📌 Summary:
-
India's Index of Industrial Production (IIP) grew at 4.9% in April 2026 — slower than 5.7% in April 2025 — driven by tepid energy sector growth amid the West Asia crisis
-
This is the FIRST release under the revised IIP base year 2022-23 (earlier base: 2011-12), with rejigged constituents
-
Mining activity dipped significantly under the new series — a critical signal for the core sector
-
IIP measures short-term changes in volume of industrial production for 8 use-based categories (Primary, Capital, Intermediate, Infrastructure/Construction, Consumer Durables, Non-Durables)
-
The new base year aligns with the broader rebasing of GDP and CPI series to capture structural changes in manufacturing, mining, and electricity weights
🎯 UPSC Relevance: GS Paper 3 — Indian Economy; growth indicators; industrial policy; impact of geopolitics (West Asia crisis) on manufacturing.
📝 Prelims Facts:
-
IIP is released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI)
-
New base year: 2022-23 (revised from 2011-12 — first revision in over a decade)
-
IIP has three sector-based categories: Mining (~14.4%), Manufacturing (~77.6%), Electricity (~8%) (approx. weights under old base)
-
IIP has 8 use-based categories including Primary Goods, Capital Goods, Consumer Durables
🔑 Key Term: Index of Industrial Production (IIP) — A composite indicator measuring short-term changes in industrial output volume, used as a key high-frequency indicator of economic activity.
UPSC Classification
See PYQs related to “Economy”
Every classification tag above links to actual UPSC questions asked on that topic — with answer, explanation and elimination logic. Only in the app.