New Delhi: According to the National Statistics Office’s (NSO) recently updated Index of Industrial Production (IIP), India’s industrial output increased 4.9% year over year in April 2026, up from 3.2% in March. Despite persistent geopolitical concerns in West Asia, the most recent data shows that industrial activity remains robust
The NSO has introduced a new IIP series with 2022-23 as the base year, replacing the 2011-12 series. The revised index incorporates significant structural changes to better reflect the evolving economy, including the addition of a new “Water Supply, Sewerage and Waste Management” sector and an expanded basket of 463 items compared to 407 previously.
Critical minerals including monazite, CCTV cameras, and credit and debit cards with magnetic strips are among the recently added products; kerosene, CFL bulbs, fluorescent tubes, and sewing machines have been eliminated. Additionally, the change decreases the share of primary commodities while increasing the weight of intermediary items.
Compared to earlier estimates, the new series demonstrates higher industrial growth over the last three years. Industrial output growth for 2023-24, 2024-25 and 2025-26 has been revised increased to 6.7%, 6.4% and 4.3%, respectively.
Manufacturing grew 6.2% in April, the fastest since December. Electricity and gas supply grew 4.9%, while the newly introduced water supply and sewerage segment recorded a 6.6% increase. However, mining and quarrying contracted 5.1% for the fourth consecutive month.
The crisis in West Asia seems to have little effect on India’s industrial sector, according to economists, with manufacturing activity throughout the month being supported by better supply circumstances.
Source – Hindustan times
