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Manufacturing, electricity boost factory output in May
Mint Hyderabad
|June 30, 2026
This marks the second month in FY27 of the new IIP series with 2022-23 as the base year
India’s industrial output, as measured by the Index of Industrial Production (IIP), grew 5.1% year-on-year in May, led by manufacturing, electricity and gas supply sector, according to provisional data released by the ministry of statistics and programme implementation (MoSPI) on Monday.
The IIP stood at 122.7 in May 2026, compared with 116.7 a year ago, reflecting an overall improvement in output levels. The May print was higher than the 3.4% growth recorded in May 2025 and also an improvement from the 4.9% expansion in April 2026, as per industrial output estimates, indicating a gradual strengthening in industrial activity.
IIP data is closely tracked as a high-frequency indicator of economic activity and provides an early signal on manufacturing momentum, investment demand and overall growth trends in the economy.
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