Industrial growth at 4.9% in April as new 2022-23 base series debuts

India's industrial output in April at 4.9% under new series, manufacturing output grows 6.2%

India revised its IIP base year to 2022-23; April industrial output reached 4.9%, manufacturing +6.2%, mining -5.1%. The expanded basket—rare earths, renewable power split, 120 new item groups—improves upstream visibility for supply chain teams sourcing from India.