India, June 29 -- The Government of India has issued a release:
In May 2026, Index of Industrial Production recorded a 5.1% year-on-year growth, supported by 5.5% growth in Manufacturing sector and strong growth of 9.9% in Electricity & Gas Supply sector.
The transition from WPI to Output PPI assumes significance because a part of industrial production in the IIP is reported in value terms. Out of the 463 item groups included in the IIP basket, 234 item groups, accounting for 36.02 per cent of the total weight, are compiled using value-based production data.
Output PPI provides a more granular price structure than the WPI. For value based items, use of Output PPI will improve the estimation of real output.
Adoption of output PPI is in ...