IIP Base Year Updated to 2022-23 as Industrial Growth Reaches 4.9%

IIP Base Year Updated to 2022-23 as Industrial Growth Reaches 4.9%. The Index of Industrial Production (IIP) base year was revised from 2011-12 to 2022-23 on June 1, 2026. The updated index, which features a basket of 1,042 products, recorded a growth rate of 4.9% amid a decline in mining activity and contractions in six manufacturing industries. The source trail ties the event to IIP growth slows to 4.9% as new data shows dip in mining activity The IIP series, which till now had 2011-12 as its base year, has..

The IIP base year was updated from 2011-12 to 2022-23. The new IIP basket consists of 1,042 products across 463 item groups. The useful reading here is the exact institutional move, the date or number attached to it, and the practical consequence that follows from the same decision.

IIP growth was recorded at 4.9% as of June 1, 2026. Six industries within the manufacturing sector contracted, which represents 75% of the IIP basket. Keep the focus on what changed in this reporting cycle and which authority, negotiation, or policy process moves next from here.

• The IIP base year was updated from 2011-12 to 2022-23
• The new IIP basket consists of 1,042 products across 463 item groups
• IIP growth was recorded at 4.9% as of June 1, 2026
• Six industries within the manufacturing sector contracted, which represents 75% of the IIP basket

Glossary

The IIP base year was updated from 2011-12 to 2022-23: The new IIP basket consists of 1,042 products across 463 item groups