Index of Industrial Production — IIP
Why in News?
India's IIP grew 6.7% year-on-year in July 2026.
What is IIP?
The Index of Industrial Production measures changes in the volume of industrial production in the economy.
Released by
National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI).
Current Base Year
2022–23 = 100.
Major Sectors and Weights
| Sector | Weight |
|---|---|
| Manufacturing | 76.062% |
| Mining & Quarrying | 11.053% |
| Electricity & Gas Supply | 10.865% |
| Water Supply, Sewerage & Waste Management | 2.020% |
July 2026 Growth
- Overall IIP: 6.7%
- Manufacturing: 7.3%
- Mining & Quarrying: -0.9%
- Electricity & Gas Supply: 8.7%
- Water Supply/Sewerage/Waste Management: 7.4%
Importance
IIP is an important:
- Short-term indicator of industrial activity
- Input for economic policy
- Indicator of manufacturing momentum
Prelims: Manufacturing has the largest weight in IIP.
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