Index of Industrial Production
Latest reading: 6.7 % y-o-y for July 2026 (-2.1 pp MoM).
Index of Industrial Production
Year-on-year growth in industrial output across mining, manufacturing, electricity and water supply. Index level was 124.8 in the reference month.
What it means
Year-on-year growth in industrial output across mining, manufacturing, electricity and water supply. Index level was 124.8 in the reference month.
Quick Estimate. June 2026 was REVISED UP from 7.3% (quick estimate) to 8.8%; delta uses the revised June figure. Mining contracted 0.9%. Next release date from MoSPI Advance Release Calendar 2026-27 (IIP for Aug 2026 on 28 Sep).
Release details
- Category
- REAL ECONOMY
- Frequency
- MONTHLY
- Previous
- 8.8
- Benchmark
- MacroNest anchor: sustained growth above 4%
- Released
- 2026-08-28
- Next release
- 2026-09-28
- Source
- MoSPI — IIP Press Release
Key questions about Index of Industrial Production
What does the Index of Industrial Production measure?
IIP tracks the volume of output across mining, manufacturing and electricity, weighted by their share in industrial production. Manufacturing carries roughly 78 percent of the weight, so the headline IIP number is largely a manufacturing signal.
Why is IIP growth so volatile month to month?
IIP is measured as a year-on-year change, so it is heavily influenced by the base month a year earlier. A weak base inflates growth and a strong base depresses it, even when actual output is steady. Festive calendar shifts and the number of working days add further swings.
What is the current Index of Industrial Production?
Index of Industrial Production stands at 6.7 % y-o-y for July 2026, against 8.8 % y-o-y previously (-2.1 pp MoM). Year-on-year growth in industrial output across mining, manufacturing, electricity and water supply. Index level was 124.8 in the reference month.
Who publishes the Index of Industrial Production data?
Index of Industrial Production is published by MoSPI — IIP Press Release on a monthly basis. Release window: 28th of following month. The next update is expected on 2026-09-28.
What is a healthy level for Index of Industrial Production?
The reference benchmark used on MacroNest is: MacroNest anchor: sustained growth above 4%. The latest reading of 6.7 % y-o-y is currently assessed as "Solid expansion, moderating".
Why does Index of Industrial Production matter?
Real economy indicators measure actual output and activity, giving the clearest read on whether growth momentum is building or fading. Year-on-year growth in industrial output across mining, manufacturing, electricity and water supply. Index level was 124.8 in the reference month.