Economy, Banking and Finance · 3 June 2026

Ministry of Statistics and Programme Implementation (MoSPI) reports 4.9% growth in India's industrial output for April

Exam-focused facts from the 3 June 2026 current affairs briefing.

Key facts

  • India's industrial output grew 4.9% year-on-year in April according to the new Index of Industrial Production (IIP) series using 2022-23 as the base year.
  • The Ministry of Statistics and Programme Implementation (MoSPI) replaced the 2011-12 series with the new IIP series, incorporating industries such as rare earth minerals, gas supply, and water supply.
  • Manufacturing grew 6.2% in April and accounts for about 13% of the Indian economy, while capital goods output increased by 16% year-on-year in the first month of FY27.
  • In the manufacturing sector, 17 out of 23 industry groups at the NIC 2 digit-level showed growth compared to the previous April.
  • April growth rates were recorded at 7.7% for intermediate goods, 7.1% for infrastructure, 4.3% for consumer durables, and 2.8% for consumer non-durables.