Rare earth, gas supply, aircraft parts: What’s inside the new IIP calculus as India revises base year
- Posted on May 28, 2026
- By Business News Today
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- 1 min read
Rare earth, gas supply, aircraft parts: What’s inside the new IIP calculus as India revises base year
India is updating its Index of Industrial Production. The new series will use 2022-23 as the base year, replacing the old 2011-12 base. This revision will include new items and sectors, offering a more accurate picture of industrial output. The updated index aims to capture emerging industries and technological progress.
