Current Affairs - Economy - Discussion

India's industrial production, measured by the Index of Industrial Production (IIP), recorded a growth rate of 4.9% in April 2026 compared to the same month in the previous year. The increase was driven mainly by the manufacturing sector, which grew by 6.2% and emerged as the key contributor to industrial expansion. During the same period, the government introduced a new IIP series with the base year 2022-23, replacing the earlier 2011-12 series. The revised series includes broader sector coverage, updated weights, additional products, and new categories such as gas supply and water management, making industrial measurement more representative of India's evolving economy.