The IIP series has been revamped with FY23 as new base year

Jun 01, 2026

05:41 pm

What's the storyIndia's industrial output grew by 4.9% in April 2026, according to the first reading of the revamped Index of Industrial Production (IIP) series with FY23 as the new base year.

The Ministry of Statistics and Programme Implementation (MoSPI) updated the IIP base year from 2011-12 to 2022-23.