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India’s IIP at 124.8 in July 2026, unchanged from revised June level
India’s industrial activity remains steady in July 2026, with the Index of Industrial Production (IIP) at 124.8, unchanged from the revised June level.
Index of Industrial Production:
| Dimension | Key Details |
|---|---|
| Type | It is a composite indicator. |
| What it measures | It measures changes in the volume of production of an item basket over a period of time with respect to its base year. |
| Use as an indicator | It provides insight into the growth or contraction of industrial activity over a given period. |
| Compiling and Releasing Authority | It is compiled and released by the National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI). |
| Release frequency and time lag | It is released every month with a time lag of 28 days from the reference month. |
| Base Year | The base year is 2022-23. |
| Meaning of base year | The base year is a chosen year taken as a reference point (index = 100) to compare production over time. |
| Base year revisions | The first IIP is prepared with base year 1937, and the base year is revised successively to 1946, 1951, 1956, 1960, 1970, 1980-81, 1993-94, 2004-05, and 2011-12. |