India’s industrial output up 4.9% in April under new IIP

India’s industrial production expanded at a slower pace of 4.9 percent in April, according to official data released on Monday. This marks the first reading under a newly revised and expanded Index of Industrial Production (IIP), which now uses 2022-23 as its base year.

The factory output growth of 4.9 percent in April 2026 compares with a 5.7 percent expansion recorded in April 2025. Officials from the Ministry of Statistics and Programme Implementation (MoSPI) stated that the growth was driven by a strong performance in manufacturing, which grew by 6.2 percent. However, they noted that tepid growth in the energy sector, amid ongoing geopolitical tensions in West Asia, contributed to the overall moderation.

The latest IIP reading of 118.9 is up from 113.1 in the same month last year. Sectoral data shows mining and quarrying grew by 5.1 percent, electricity and gas supply by 4.9 percent, and water supply, sewerage, and waste management—a newly included category—by 6.6 percent.

The base year revision, the tenth since the index’s inception in 1937, is intended to provide a more current and comprehensive measure of industrial activity. The revised basket now consists of 1,042...