IIP data decoded: Manufacturing, electricity lift India's industrial growth to 5.1% in May
India's industrial activity showed robust growth in May 2026, with the IIP climbing 5.1% year-on-year, driven by strong manufacturing and electricity output. Capital goods led the expansion, surging 12.9%. The Ministry of Statistics also announced a significant methodological shift, replacing WPI with Output PPI for a more accurate real output estimation, aligning with global standards.
