India's Industrial Production Advancements

The Ministry of Statistics and Programme Implementation (MoSPI) reveals a 5.1% year-on-year growth in India's Index of Industrial Production for May 2026, with the Manufacturing sector growing by 5.5% and Electricity & Gas Supply expanding by 9.9%. MoSPI transitioned from using the Wholesale Price Index (WPI) to the Output Producer Price Index (Output PPI) as a deflator, affecting roughly 36% of the IIP basket weight to provide better production estimates.

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