India's industrial tracking is getting a major upgrade. The new Index of Industrial Production will monitor 120 additional items, including advanced technology and healthcare products. Its base year is shifting to 2022-23, with a release planned for June 1. This revision expands coverage to new sectors like minor minerals and renewable energy.

India’s revamped IIP series with a 2022-23 base year will include rare earths, gas supply, water supply and waste management sectors from June 1.

India plans a significant overhaul of its industrial output index, introducing new sectors like renewable energy and updating the base year for accuracy.