India's IIP grows 5.1% in May 2026, led by manufacturing and electricity sectors
India's Index of Industrial Production (IIP) rose 5.1% year-on-year in May 2026, reflecting strong industrial momentum. The growth was primarily driven by robust performance in manufacturing and electricity output. Capital goods emerged as the top performer, recording a sharp 12.9% surge during the period. In a notable policy update, the Ministry of Statistics announced a shift from WPI to Output PPI for more accurate real output estimation. This methodological change aligns India's industrial measurement framework with prevailing global standards.
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