Economic Outlook & Macro Trends

Broader factory data coverage, methodological changes to improve accuracy; manufacturing pushed up April 2026 IIP growth to 4.9%

Monthly Update 01 Jun 2026

The revised IIP basket consists of 1,042 products mapped to 463 item groups. Within the manufacturing sector, the weight of 17 of the 23 segments has been hiked in the new IIP basket, including food & beverages, textiles, leather, wood products, pharmaceutical & medicinal products, motor vehicles, electrical equipment, etc. 

On the contrary, items like tobacco, coke and refined petroleum, basic metals, and printing and reproduction of recorded media have witnessed a reduction in their weight.


Source: NSO; CEIC; ICRA Research

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