India's Index of industrial production records growth of 5.1% in May 2026

Ministry of Statistics & Programme Implementation India's Index of industrial production records growth of 5.1% in May 2026 QUICK ESTIMATES OF ALL INDIA INDEX OF INDUSTRIAL PRODUCTION (IIP) BASE YEAR 2022-23 FOR MAY 2026 प्रव तथ: 29 JUN 2026 4:00PM by PIB Delhi MoSPI has decided to adopt Output PPI as Deflator in place of WPI for item groups for which output is collected in value terms.

This affects 234 out of the 463 item groups in the IIP basket, representing 36.02 per cent of the total index weight.

MoSPI has now revised and released the entire IIP 2022-23 series with Output PPI and it supersedes the earlier WPI based IIP 2022–23 series released on 1st June 2026.

In May 2026, Index of Industrial Production recorded a 5.1% year-on-year growth, supported by 5.5% growth in Manufacturing sector and strong growth of 9.9% in Electricity & Gas Supply sector.

The Ministry of Statistics and Programme Implementation (MoSPI) released the new series of the All India Index of Industrial Production (IIP) with base year 2022–23 on 1st June 2026, using the Wholesale Price Index (WPI) as the deflator. Subsequently, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, released the Output Producer Price Index (Output PPI) series with base year 2022–23 on 15th June 2026. As output PPI is a new and important indicator for capturing producer level prices, it has significant implications for compiling IIP.

Reasons for adoption of Output PPI

MoSPI has examined the adoption of output PPI in place of WPI in light of the following factors: i. The transition from WPI to Output PPI assumes significance because a part of industrial production in the IIP is reported in value terms. Out of the 463 item groups included in the IIP basket, 234 item groups, accounting for 36.02 per cent of the total weight, are compiled using value-based production data.

ii. 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.iii. Adoption of output PPI is in line with international best practices and the recommendation of the Technical Advisory Committee (TAC) on the base revision of IIP.

iv. Such major changes in the IIP series can be accommodated only at the time of base year revision. v. As IIP is an important input in in the estimation of quarterly Gross Domestic Product

(GDP), it will facilitate eventual adoption of PPI-based volume estimation methods in the National Accounts.

Considering the above aspects, MoSPI has decided to discontinue the use of WPI and has adopted the Output PPI as the deflator for the new IIP series (Base: 2022–23). Besides the use of Output PPI, MOSPI has incorporated updated data from a few of the source agencies since April 2022.

Further, the Electricity Index has also undergone revision to address a compilation issue related to its sub-sectoral weights. Overall, the above changes would mainly affect the manufacturing and electricity sectors.

Accordingly, the present release supersedes the earlier WPI based IIP 2022–23 series released on 1st June 2026. Users are advised to use the PPI-based IIP series presented in this release for all analytical, research, and policy purposes.

Quick Estimates of Index of Industrial Production and Use- Based Index for the Month of May 2026 (Base 2022-23=100, Deflator-Output PPI)

Key Highlights: i. The IIP growth rate for the month of May 2026 is 5.1 percent as compared to May

2025. ii. The growth rates of the Four sectors, Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of May 2026 are (-)1.6 percent, 5.5 percent, 9.9 percent and 5.5 percent respectively.

iii. The Quick Estimate of IIP stands at 122.7 against 116.7 in May 2025. The indices of Industrial Production for Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of May 2026 stand at 112.9, 122.6, 129.6 and 145.1 respectively.

iv. Within the Manufacturing sector, 16 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in May 2026 over May 2025. The top three positive contributors for the month of May 2026 are – “Manufacture of motor vehicles, trailers and semi-trailers” (14.5%), “Manufacture of electrical equipment” (20.8%) and “Manufacture of basic metals” (4.6%).

v. In the industry group “Manufacture of motor vehicles, trailers and semi-trailers”, item groups “Passenger Cars”, “Auto Components, Spares and Accessories”, and “Commercial Vehicles” have shown significant contribution in growth.

vi. In the industry group “Manufacture of electrical equipment” item groups “Electrical Apparatus for Switching or Protecting Electrical Circuits (e.g., Switchgear, Circuit Breakers/Switches, Control/Meter Panels) and Parts Thereof”, “Transformers (Small)”, and “UPS and Solid-State Drives” have shown significant contribution in growth.vii. In the industry group “Manufacture of basic metals”, item groups “HR Coils and Sheets of Mild Steel”, “HR Plates of Mild Steel”, and “Bars and Rods of Alloy and Stainless Steel” have shown significant contribution in growth.

viii. As per the Use-Based Classification, the indices stand at 119.6 for Primary Goods,

135.3 for Capital Goods, 123.1 for Intermediate Goods and 130.8 for Infrastructure/ Construction Goods for the month of May 2026. Further, the indices for Consumer durables and Consumer non-durables stand at 120.4 and 118.4 respectively.

ix. The corresponding growth rates of IIP as per Use-Based Classification in May 2026 over May 2025 are 2.6 percent in Primary Goods, 12.9 percent in Capital Goods, 5.8 percent in Intermediate Goods, 5.9 percent in Infrastructure/ Construction Goods, 7.2 percent in Consumer durables and 3.6 percent in Consumer non-durables (Statement III). Based on Use-Based Classification, top three positive contributors to the growth of IIP for the month of May 2026 are Intermediate Goods, Capital Goods and Primary goods.

2. Details of Quick Estimates of the Index of Industrial Production for the month of May 2026 at Sector, Sub-Sector, 2-digit level of National Industrial Classification (NIC-2025), by Use-Based Classification and are given at Statements I, II (A, B, C, D) and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 13 months, by industry groups (as per 2-digit level of NIC-2008), sectors and Sub-Sectors.

3. Release of the IIP for June 2026 will be on Tuesday, 28th July 2026.

Note: -

1. This Press Release (English and Hindi Version) is also available at the Ministry’s Website -http://www.mospi.gov.in.

2. Detailed data pertaining to IIP is available at https://esankhyiki.mospi.gov.in/macroindi cators?product=iip

STATEMENT II A: INDEX OF INDUSTRIAL PRODUCTION - (Manuf (Base: 2022-23=100) NIC Description Weights Index Cumul 2025 May'25 May'26* Ap 2025- 2610 Manufacture of 5.679 98.2 102.1 96.8 food products 11 Manufacture of 1.113 158.1 166.0 161.3 beverages 12 Manufacture of 0.774 121.7 119.7 116.6 tobacco products 13 Manufacture of 3.275 120.9 136.2 118.9 textiles 14 Manufacture of 1.970 103.6 94.5 100.7 wearing apparel 15 Manufacture of 0.607 108.2 103.8 103.4 leather and related products 16 Manufacture of 0.239 99.6 95.5 98.0 wood and products of wood and cork, except furniture;

manufacture of articles of straw and plaiting materials 17 Manufacture of 1.375 107.3 118.1 104.2 paper and paper products 18 Printing and 0.506 106.3 95.3 107.3 reproduction of recorded media 19 Manufacture of 7.721 112.2 106.9 108.4 coke and refined petroleum products20 Manufacture of 7.813 109.6 108.2 107.2 chemicals and chemical products 21 Manufacture of 5.833 122.8 129.4 118.9 basic pharmaceuticals products and pharmaceutical preparations 22 Manufacture of 3.384 106.8 111.9 103.6 rubber and plastics products 23 Manufacture of 3.519 115.6 117.4 113.9 other non- metallic mineral products 24 Manufacture of 9.198 126.7 132.5 124.8 basic metals 25 Manufacture of 2.481 112.6 130.0 112.9 fabricated metal products, except machinery and equipment 26 Manufacture of 2.085 133.4 148.6 132.4 computer, electronic and optical products 27 Manufacture of 3.175 133.5 161.3 129.0 electrical equipment 28 Manufacture of 5.020 115.0 120.8 109.8 machinery and equipment n.e.c.29 Manufacture of 6.417 115.3 132.0 115.7 motor vehicles, trailers and semi-trailers 30 Manufacture of 2.089 134.0 153.2 128.7 other transport equipment 31 Manufacture of 0.283 109.9 113.8 111.5 furniture 32 Other 1.509 93.8 103.6 105.7 manufacturing 10- Manufacturing 76.062 116.2 122.6 114.1 32 STATEMENT II-B: INDEX OF INDUSTRIAL PRODUCTION - (Min (Base: 2022-23=100) NIC Description Weights Index Cumulat 2025 May'25 May'26* Apr- 2025- 26 05- Fuel Minerals 5.647 105.6 98.8 103.6 06 07 Metallic 1.995 121.0 143.1 118.7 Minerals incl.

Rare Earth Minerals08 Non-Metallic 3.411 126.2 118.5 123.6 Minerals incl.

Minor Mineral 05- Mining & 11.053 114.7 112.9 112.5 08 Quarrying STATEMENT II-C: INDEX OF INDUSTRIAL PRODUCTION - (Electr (Base: 2022-23=100) NIC Description Weights Index Cumulat 2025 May'25 May'26* Apr- 2025- 26 3512 Electricity 2.332 130.3 153.8 119.4 Generation from Renewable Sources 3511 Electricity 7.839 114.3 124.4 116.6 Generation from Non- Renewable Sources 351 Electricity 10.171 118.0 131.1 117.3 352 Gas Supply 0.694 116.2 108.0 114.6 35 Electricity & 10.865 117.9 129.6 117.1 Gas Supply STATEMENT II-D: INDEX OF INDUSTRIAL PRODUCTION - Water Supply, Se(Base: 2022-23=100) NIC Description Weights Index Cumulat 2025 May'25 May'26* Apr- 2025- 26 36 Water Supply 1.059 150.1 156.6 149.9 37- Sewerage & 0.961 123.8 132.4 123.5 38 Waste Management 36- Water 2.020 137.6 145.1 137.4 38 Supply, Sewerage & Waste Management *Figures for May 2026 are Quick Estimates.

Month Primary Goods (31.136) 2023- 2024- 2025- 24 25 26 Apr 101.3 111.5 112.8 May* 105.8 115.8 116.6 Jun 105.4 111.6 113.9Jul 99.1 106.2 111.3 Aug 101.3 100.4 108.0 Sep 98.1 100.7 107.3 Oct 105.0 109.0 109.4 Nov 100.8 105.2 106.4 Dec 108.3 113.8 116.5 Jan 111.2 116.5 118.7 Feb 108.7 111.3 111.3 Mar 119.5 122.3 122.6 Annual/Cumulative Apr-May 103.6 113.7 114.7 Apr-Mar 105.4 110.4 112.9 Growth over the corresponding period of previous year Apr 1.3 10.1 1.2 May* 5.8 9.5 0.7 Apr-May 3.6 9.7 0.9 Apr-Mar 5.4 4.7 2.3 * Figures for May'26 are Quick Estimates.

NOTE: Indices for the months of Apr'26 incorporate updated production data.

INDEX OF INIC Description Weight May- Jun- Jul- 2025 25 25 25 (Manufacture of) 10 Food products 5.679 98.2 93.9 103.3 11 Beverages 1.113 158.1 136.5 104.6 12 Tobacco 0.774 121.7 112.9 122.6 products 13 Textiles 3.275 120.9 120.0 130.4 14 Wearing apparel 1.970 103.6 102.7 96.5 15 Leather and 0.607 108.2 100.1 112.3 related products 16 Wood and 0.239 99.6 108.6 105.0 products of wood and cork, except furniture;

manufacture of articles of straw and plaiting materials 17 Paper and paper 1.375 107.3 105.1 109.4 products 18 Printing and 0.506 106.3 95.8 96.6 reproduction of recorded media 19 Coke and 7.721 112.2 108.8 111.6 refined petroleum products 20 Chemicals and 7.813 109.6 109.1 112.8 chemical products21 Pharmaceuticals, 5.833 122.8 120.1 126.0 medicinal chemical and botanical products 22 Rubber and 3.384 106.8 103.0 107.6 plastics products 23 Other non- 3.519 115.6 115.1 113.0 metallic mineral products 24 Basic metals 9.198 126.7 125.1 131.9 25 Fabricated metal 2.481 112.6 124.1 126.5 products, except machinery and equipment 26 Computer, 2.085 133.4 137.6 140.6 electronic and optical products 27 Electrical 3.175 133.5 130.4 131.0 equipment 28 Machinery and 5.020 115.0 120.8 114.7 equipment n.e.c.

29 Motor vehicles, 6.417 115.3 108.5 119.8 trailers and semi-trailers 30 Other transport 2.089 134.0 129.8 143.4 equipment 31 Furniture 0.283 109.9 112.6 115.3 32 Other 1.509 93.8 96.1 112.6 manufacturing Manufacturing 76.062 116.2 114.4 118.7Fuel Minerals 5.647 105.6 100.2 95.7 Metallic 1.995 121.0 101.8 82.3 Minerals Non-Metallic 3.411 126.2 127.3 102.4 Minerals Mining & 11.053 114.7 108.9 95.3 Quarrying Renewable 2.332 130.3 153.3 180.4 Non-Renewable 7.839 114.3 108.6 106.3 Electricity 10.171 118.0 118.8 123.3 Gas 0.694 116.2 112.3 116.1 Electricity & 10.865 117.9 118.4 122.8 Gas Supply Water Supply 1.059 150.1 150.6 151.2 Sewerage & 0.961 123.8 122.7 123.8 Waste Management Water Supply, 2.020 137.6 137.3 138.2 Sewerage & Waste Management General Index 100.000 116.7 114.7 117.0

Note: Figures for May 2026 are provisionalComparative Annual Growth Rates IIP 2022-23 series with Output PPI and 2011-12 Series

with WPI based:

Based on monthly Output Producer Price Index (PPI) and production figures provided by the source agencies from April 2022 till May 2026, the annual growth rates were compiled and given below:

Sectoral Annual Growth Rates of IIP with base 2022-23 vis-à-vis 2011-12 Series Weights 2023- 2024- 2025- 24 25 26 Growth Rates General 2022- 100.000 6.8 5.7 4.3 23 2011- 5.9 4.0 4.1 12 Mining & 2022- 11.053 2.2 2.8 3.7 Quarrying 23 2011- 14.373 7.5 3.0 1.4 12 Manufacturing 2022- 76.062 7.1 6.0 4.8 23 2011- 77.633 5.5 4.1 5.0 12 Electricity & 2022- 10.865 7.4 5.2 0.8 Gas Supply 23 2011- 7.994 7.1 5.2 1.0 12 Water Supply, 2022- 2.020 17.8 11.9 6.4 Sewerage & 23 Waste Management The Annual Growth Rates of Index of Industrial Production with base 2022-23 vis-à-vis 2011- 12: Use Based Weights Series 2023- 2024- 2025- 24 25 26Primary Goods 31.136 2022- 5.4 4.7 2.3 23

34.049 2011- 6.1 3.9 1.2 12 Capital Goods 8.082 2022- 10.1 7.9 10.4 23

8.224 2011- 6.3 5.6 8.3 12 Intermediate 22.416 2022- 6.1 5.9 5.2 Goods 23

17.221 2011- 5.3 4.3 5.5 12 Infrastructure/ 10.908 2022- 10.4 6.8 8.8 Construction 23 Goods

12.338 2011- 9.7 6.7 9.8 12 Consumer 11.312 2022- 5.0 8.4 3.1 durables 23

12.839 2011- 3.6 7.9 5.9 12 Consumer non- 16.148 2022- 7.7 3.6 0.8 durables 23

15.329 2011- 4.1 -1.5 0.1 12 The detailed tables including indices at Sectoral level, Manufacturing NIC-2-digit level, Sub- sectoral level of Mining & Quarrying, Electricity & Gas Supply, Water Supply, Sewerage & Waste Management and as per Use-Based Classification for new series from April 2023 onwards are available at e-Sankhyiki Portal (MoSPI) through below link:

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