Quote on IIP May 2026 by , Bajaj Broking Ltd
Below the Quote on IIP May 2026 Bajaj Broking Ltd
“India’s Index of Industrial Production (IIP) grew 5.1% year-on-year in May 2026, driven by a 5.5% expansion in manufacturing and a robust 9.9% surge in electricity. Conversely, mining dragged the index down with a 1.6% contraction. From a use-based perspective, capital goods led the expansion with a stellar 12.9% growth, while 16 out of 23 manufacturing industry groups charted positive territory - spearheaded by electrical equipment (+20.8%) and motor vehicles (+14.5%).
The Ministry of Statistics and Programme Implementation (MoSPI) executed a major structural transition by replacing the Wholesale Price Index (WPI) with the Output Producer Price Index (Output PPI) as the deflator for the new IIP series (Base Year: 2022-23). This impacts 234 out of 463 item groups (36.02% of the index weight) and completely supersedes the previous WPI-based series. The ministry noted that the Output PPI provides a more granular price structure, significantly improving the accuracy of real output estimations in alignment with international best practices.”
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