EconomySunday, 12 July 2026·The Hindu - Economy
IIP growth rises to 5.1% in May 2026; MOSPI shifts to PPI-based series
Industrial production grew 5.1% in May 2026, and MOSPI updated the IIP series with a 2022-23 base year and PPI use.
Key highlights
Direct fact
In May 2026, India’s Index of Industrial Production grew 5.1%, and on the same release the Ministry of Statistics and Programme Implementation updated the IIP series with a 2022-23 base year.
Key specifics
- The manufacturing sector grew 5.5% in May 2026.
- Electricity and gas supply growth rose to 9.9% in May 2026, a two-year high.
- Mining and quarrying contracted by 1.6% in May 2026, the fifth straight month of contraction.
- The new IIP series replaces some WPI-based valuation with the Producer Price Index (PPI).
- MOSPI said the new release supersedes the earlier WPI-based IIP 2022-23 series released on June 1, 2026.
Exam lens
Economy MCQ focus: IIP 5.1%, manufacturing 5.5%, electricity and gas 9.9%, PPI-based revision, 2022-23 base year. TNPSC may ask which index now replaces WPI in parts of IIP valuation.