Stay Connected. Stay Informed.
The Index of Core Industries (ICI) has finally joined the country’s other economic metrics in becoming up-to-date and representative of the economy. The other metrics such as the national accounts, Consumer Price Index (CPI), Wholesale Price Index (WPI), and the Index of Industrial Production (IIP) were updated earlier this year, although even those were after…
Read More “Core upgrade: On the Index of Core Industries” »
Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto 14 of the 19 sub-sectors in the trial and inaugural release of the government’s new Index of Services Production (ISP) witnessed double-digit growth in April 2026, with the best-performing sectors including accommodation and food, retail trade, administrative and support services, and real estate. The…
India’s latest industrial growth figures show that, contrary to global trends and overall perception, the country’s industrial output is getting stronger. Notably, the data show a quick bounce-back in industrial performance after the initial hit from the West Asia crisis. However, the new data also raise some important concerns about the composition of the growth,…
The manufacturing sector grew 5.5% in May 2026, down from 6.1% in April but faster than the 4.2% growth registered in May last year. File image. | Photo Credit: Reuters Growth in industrial activity quickened to a five-month high of 5.1% in May 2026, buoyed by stronger performances by the manufacturing, electricity, capital goods, and consumer…
Read More “IIP growth quickens to five-month high of 5.1% on cross-sector improvements” »
The government has, in recent months, implemented several long-overdue but welcome upgrades to India’s statistical databases. Wide-ranging, they cover the way the country measures Gross Domestic Product (GDP), industrial production, and price changes at the retail, wholesale, and producer levels. These updates have not only made India’s key economic statistics more representative of reality, but…
Read More “Essential upgrades: On upgrades to India’s statistical databases” »
Earlier this week, the Ministry of Statistics and Programme Implementation released the latest Index of Industrial Production (IIP), a key barometer of India’s industrial health. The April 2026 print assumes added significance as it is the first release under the new 2022-23 base series and the second full month following the U.S.-Israeli war on Iran….
Read More “Base and framework: On the latest Index of Industrial Production” »
India’s relatively strong industrial performance in November 2025, especially driven by the manufacturing sector as it was, was more likely a flash in the pan than the start of a consistent trend. The Index of Industrial Production (IIP) grew 6.7% in November, the fastest growth rate in 25 months. Within this, the manufacturing sector grew…
Read More “Too good to last: On November’s industrial data, the Indian economy” »
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Industrial activity dipped marginally to a three-month low of 4% in September 2025. The data also shows that the growth in industrial activity during the first half of the financial year (April-September) was the slowest in at least five years. Growth in the Index…
The mining and quarrying sector grew 6% in August 2025, a 14-month high, snapping a four-month streak of contractions. File | Photo Credit: The Hindu Growth in industrial activity in India slowed to 4% in August 2025 from its 6-month high growth of 4.3% in July. Growth was dragged down by the consumer durables and…
The GDP growth numbers released on Friday (August 29, 2025), showing that growth in Q1 of this financial year stood at 7.8%, came as a pleasant surprise at a time when most of the commentary has been about the factors holding growth back. For instance, even the Reserve Bank of India, as recently as August…