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DAILY · 2026-10-28

Quick Estimates: India's Index of Industrial Production grows 6.7% in September 2026 (base 2022-23=100), with manufacturing up 7.6% and electricity and gas supply up 11.2%

SSCBankingGeneral

India's Index of Industrial Production (IIP) recorded year-on-year growth of 6.7 percent in September 2026, according to the Quick Estimates (base 2022-23=100) released by the Ministry of Statistics and Programme Implementation on 28 October 2026; the release notes that these Quick Estimates will undergo revision in subsequent releases as per the IIP revision policy. Manufacturing grew 7.6 percent and Electricity & Gas Supply 11.2 percent, while Statement I of the release shows Mining & Quarrying contracting by 6.2 percent and Water Supply, Sewerage & Waste Management growing 5.8 percent. The quick estimate of the IIP stands at 124.3, against 116.5 in September 2025; the indices for Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management stand at 90.4, 128.0, 128.6 and 146.4 respectively. Within manufacturing, 17 of 23 industry groups at the NIC 2-digit level recorded positive growth, and the top three positive contributors were manufacture of motor vehicles, trailers and semi-trailers (19.0 percent), manufacture of electrical equipment (33.9 percent) and manufacture of rubber and plastics products (19.9 percent). Under the use-based classification, growth was 4.0 percent in primary goods, 10.4 percent in capital goods, 12.2 percent in intermediate goods, 7.2 percent in infrastructure/construction goods, 6.0 percent in consumer durables and 1.4 percent in consumer non-durables; intermediate goods, primary goods and capital goods were the top three contributors. The release compares September's growth with 8.0 percent in the quick estimate for August 2026; the August indices have now undergone final revision, and Statement I puts August 2026 growth at 7.8 percent. For April-September 2026, Statement I shows growth of 6.8 percent. The September estimates were compiled at a weighted response rate of 86.5 percent, and the IIP for October 2026 will be released on Monday, 30 November 2026.

Drafted with AI assistance from the official PIB release linked above and checked against it by a second AI pass. Not line-edited by a human.

Learning context

On 1 June 2026 the Ministry of Statistics and Programme Implementation (MoSPI) issued the first press release of the All India Index of Industrial Production (IIP) with base year 2022-23, having revised the base year from 2011-12 to make the index more representative of the current structure and dynamics of the industrial sector; the revision was undertaken under the Technical Advisory Committee for Base Year Revision of the IIP (TAC-IIP), whose report was released on 25 May 2026. The new series expands coverage by adding Gas Supply and Water Supply, Sewerage and Waste Management activities to the existing Mining, Manufacturing and Electricity sectors, includes minor minerals and rare earth minerals in mining, and gives separate indices for electricity generated from renewable and non-renewable sources and for fuel, metallic and non-metallic minerals. Its revised basket has 1,042 products mapped to 463 item groups, compared with 839 items mapped to 407 item groups in the 2011-12 series. The sectoral weights are 76.062 for Manufacturing (77.633 in the old series), 11.053 for Mining & Quarrying (14.372), 10.865 for Electricity & Gas Supply (7.995) and 2.020 for the newly added Water Supply, Sewerage and Waste Management sector. The new series uses the National Industrial Classification 2025, and the six use-based categories of the 2011-12 series continue. That first release put IIP growth for April 2026 at 4.9 percent.

Reference: PIB (Ministry of Statistics and Programme Implementation), 'First press release of All India Index of Industrial Production of new series with base year 2022-23', 1 June 2026

Check yourself: from which base year to which was the IIP revised, and how many item groups does the new basket have compared with the old series?

From 2011-12 to 2022-23; 463 item groups, against 407 in the 2011-12 series.

Revision task: from this release, note September 2026's growth for the IIP and for each sector, the index levels, the top contributors within manufacturing and by use-based category, the August comparison, and when the next release is due; from the note, when and why the base year was changed, the new sectors and minerals covered, the size of the item basket and the sectoral weights.

Test yourself

According to the Quick Estimates (base 2022-23=100) released on 28 October 2026, what was the year-on-year growth of India's Index of Industrial Production in September 2026?

  1. 6.7 percent
  2. 7.6 percent
  3. 8.0 percent
  4. 5.8 percent
Show the answer

Answer: 6.7 percent

MoSPI's Quick Estimates put IIP growth for September 2026 at 6.7 percent, with the index at 124.3 against 116.5 in September 2025. Manufacturing grew 7.6 percent and Electricity & Gas Supply 11.2 percent; 8.0 percent was the quick estimate of growth for August 2026. Quick Estimates are revised in subsequent releases.

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