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May's industrial growth at three-month high of 5.1%
Financial Express Mumbai
|June 30, 2026
MANUFACTURING, CONSUMPTION, ELECTRICITY KEY DRIVERS
A SHARP INCREASE in electricity production caused by heatwaves, continued manufacturing strength and robust consumption demand pushed industrial output growth to a three-month high of 5.1% year-on-year in May.
The Industrial Production (IIP) growth during the month was higher than the 2025-26 average of 4.3%.
In April this year, IIP grew 4.9% while in May last year, it was 3.4%.
Manufacturing sector, which dominates the index with a 76% weight saw production growth moderate to 5.5% in May, compared to 6.1% in the previous month, reflecting a minor impact from the West Asia crisis.
Electricity and gas output was up 9.9% year-on-year in May, compared to 4.6% in April. Within this group, electricity production was up 11.1% as the summer heat rose.
The IIP was recently revised to reflect industry compositional changes, using 2022-23 as the base year.
This story is from the June 30, 2026 edition of Financial Express Mumbai.
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