India’s IIP Gets a New Ruler: What the Revised Industrial Index Reveals About the Economy
Statistical revision rarely makes headlines. But this one should. On June 2, 2026, the Ministry of Statistics and Programme Implementation (MoSPI) released a new Index of Industrial Production (IIP) series with 2022–23 as the base year, replacing the 2011-12 series that had become increasingly obsolete. Along with it came April 2026 data: industrial output grew…