New Base Year 2022-23 for India's Index of Industrial Production
The Ministry of Statistics and Programme Implementation has updated the base year for the All India Index of Industrial Production to 2022-23. This aims to make the index more reflective of the current industrial sector dynamics, incorporating a revised item basket, updated weights, and broader sectoral coverage. In April 2026, the Index of Industrial Production saw a 4.9% growth compared to April 2025, driven by a 6.2% increase in the Manufacturing sector.
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