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IIP growth at 5-month high of 5.1% in May
Business Standard
|June 30, 2026
Robust showing in electricity and gas supply powers the rise
India’s industrial output growth rose to a five-month high of 5.1 percent in May, from 4.9 per cent in April, driven by strong growth in the electricity and gas supply sector, according to data released by the National Statistics Office (NSO) on Monday.
The latest Index of Industrial Production (IIP) data also marked a major methodological revision, with the Ministry of Statistics and Programme Implementation (Mospi) replacing the Wholesale Price Index (WPI) with the Output Producer Price Index (Output PPI) as the deflator for the new 2022-23 base-year series. The change affects 234 of the 463 item groups in the IIP basket. “Output PPI provides a more granular price structure than the WPI. For value-based items, use of Output PPI will improve the estimation of real output,” the ministry said.
The headline IIP stood at 122.7 in May, up from 116.7 a year earlier. At the sectoral level, three of the four broad sectors recorded positive growth.
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