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India's Index of Industrial Production grew 6.7% year-on-year in July 2026, down from the 7.3% Quick Estimate recorded for June 2026.
Manufacturing grew 7.3% and Electricity & Gas Supply 8.7%, while Mining & Quarrying contracted 0.9%; Water Supply, Sewerage & Waste Management grew 7.4%.
The general index stood at 124.8 against 117.0 in July 2025, on the revised base of 2022-23=100.
Under the Use-Based Classification, Capital Goods grew fastest at 16.1% and Consumer non-durables was the only category to contract, at -1.0%.
Quick Estimates are released on the 28th of every month; the August 2026 index is due on Monday, 28 September 2026.
Besides grouping output by which industry produced it, the IIP regroups the same output by what the goods are used for: Primary Goods (largely mining output and electricity), Capital Goods (machinery and equipment that goes on to produce other goods), Intermediate Goods (inputs that get transformed further, such as yarn or chemicals), Infrastructure/Construction Goods (cement, steel structures and the like), Consumer Durables (vehicles, appliances) and Consumer Non-Durables (food, toiletries, everyday consumption). Analysts read this classification rather than the headline number, because it says what kind of demand is driving industry. Capital goods growing 16.1% in July 2026 points to firms investing in productive capacity, while consumer non-durables contracting 1.0% points to weak everyday household demand — two signals that the single 6.7% headline hides entirely.
Simple Analogy: The sectoral split tells you which kitchens were busy; the use-based split tells you whether the food went to restaurants buying new ovens, to wholesalers, or straight onto family dinner tables.
| Aspect | 2011-12 base series | 2022-23 base series |
|---|---|---|
| Number of sectors | Three — Mining, Manufacturing, Electricity | Four — Mining & Quarrying, Manufacturing, Electricity & Gas Supply, and Water Supply, Sewerage & Waste Management |
| Manufacturing weight | About 77.6% | 76.062% |
| Item basket | 839 items in 407 groups | 1,042 items in 463 groups |
| Industrial classification | NIC 2011 | NIC 2025 |
| First released | In use until May 2026 | 1 June 2026, with the April 2026 data |
The ministry responsible for India's official statistics, including the IIP, national accounts and the consumer price and household consumption surveys. It announced the IIP base-year revision to 2022-23 and released the Technical Advisory Committee report on 25 May 2026.
The office under MoSPI that compiles and publishes the monthly Index of Industrial Production, working from data supplied by source agencies which in turn collect it from producing factories and establishments.
Releases the Index of Eight Core Industries — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — which is a separate index from the IIP but overlaps with it, and which is itself being moved to a 2022-23 base.
The eight core industries are the infrastructure backbone tracked by DPIIT and feed into the IIP; the ICI is released before the IIP each month and is treated as its leading indicator. A revised ICI on the 2022-23 base was announced in July 2026, mirroring the IIP rebasing.
The IIP is a volume index of industrial output and is one of the inputs used in the quarterly estimation of GVA for industry, which is why a rebasing of the IIP has knock-on effects on other statistics.
Rebasing recurs across the statistical system — the IIP, the Consumer Price Index, the Wholesale Price Index and the national accounts each carry their own base year, and examiners routinely test which base year belongs to which index.
Capital goods output is read as a proxy for investment demand; its 16.1% growth in July 2026 sits alongside credit growth and government capital expenditure as evidence on the investment cycle.
GS Paper 3 > Indian Economy > Growth, Development and Employment; Economic indicators
General Awareness > Economy > Key indices and data releases
General Awareness > Indian Economy
General Awareness > Indian Economy
With reference to India's Five-Year Plans, which of the following statements is/are correct? 1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below.
Answer: 1 and 2 only
IIP appears almost every year in banking and SSC general awareness and regularly in UPSC Prelims economy questions; a base-year revision year raises the probability sharply.
A monthly volume index measuring the change in production in mining, manufacturing, electricity and gas, and water supply and waste management, relative to a base year.
The first published IIP figure for a month, compiled from partial responses and revised in later releases under the IIP revision policy; July 2026's came at a weighted response rate of 88.9%.
The reference year set to 100 against which index values are measured; the IIP moved from 2011-12 to 2022-23 in June 2026.
The National Industrial Classification used to group industries in the new IIP series, replacing NIC 2011.
The share of the index's weight for which actual data was received when the estimate was compiled — the reason Quick Estimates get revised.