New IIP series: April industrial growth rises to 4.9% from 3.2% in March

📌 Summary:

• India's industrial output (IIP) grew 4.9% in April 2026, up from 3.2% in March, per the new IIP series released by MoSPI
• New series shifts base year to 2022-23 (from 2011-12), updates compilation methodology and broadens coverage
• Past three years' growth revised upward: 2023-24 at 6.7%, 2024-25 at 6.4%, 2025-26 at 4.3% (old series: 5.9%, 4%, 4.1%) — mainly due to upward revisions in manufacturing and electricity
• Consumer durables output up 4.3% in April; non-durables up 2.8%

🎯 UPSC Relevance: GS3 (Indian Economy) — industrial growth measurement, base-year revision and manufacturing performance.

📝 Prelims Facts:

• IIP is compiled and released by MoSPI
• New base year: 2022-23; old base year: 2011-12
• IIP has three use-based sectors: mining, manufacturing, electricity

🔑 Key Term: Base Year revision — periodic updating of the reference year in an index to reflect current production structure and improve accuracy.