MoSPI Releases Revised IIP (2022‑23 Base) – 4.9% YoY Growth, New Sectors Added

Overview The Ministry of Statistics and Programme Implementation ( MoSPI ) published the April 2026 IIP under the new 2022‑23 base series . The index showed a 4.9% year‑on‑year rise in industrial output, signalling resilience despite global supply‑chain shocks. Key Developments Capital goods output surged 16% YoY , driven by higher public capital expenditure. Consumer durables grew 4.3% YoY and consumer non‑durables only 2.8% YoY , indicating pressure from rising fuel and energy costs. A new sector – water supply, sewerage and waste management – was introduced with a weight of 2.02%. The electricity category was expanded to Electricity and Gas Supply , raising its weight to 10.87%. Manufacturing weight fell slightly to 76.06%; mining and quarrying weight reduced to 11.05%. The government announced a move towards a chain‑linked framework with more frequent weight revisions. Important Facts The revised basket now better mirrors India’s shift to value‑added manufacturing and services. Key numbers: Capital goods : +16% YoY Consumer durables : +4.3% YoY Consumer non‑durables : +2.8% YoY Manufacturing weight : 76.06% (down from 77.63%) Mining & quarrying weight : 11.05% (down from 14.37%) Electricity & Gas Supply weight : 10.87% (up from 7.99%) UPS​C Relevance For GS‑3 (Economy) aspirants, the IIP is a core indicator of industrial performance, influencing GDP estimates and policy formulation. The shift to a chain‑linked framework demonstrates the government's effort to keep statistics in sync with rapid structural change, a theme often asked in questions on economic reforms. The changing weights of manufacturing versus mining highlight India’s transition from primary‑sector reliance to a more diversified, services‑oriented economy. Way Forward Continued revisions are expected as new products emerge and the services sector expands. Aspirants should monitor how the IIP methodology evolves, especially the frequency of weight updates, because it will affect future industrial growth estimates and may shape fiscal and investment policies. Keeping abreast of these statistical reforms will aid in answering questions on economic indicators, industrial policy, and structural transformation.