Index of Industrial Production (IIP) - Base Year Revised to 2022-23

On 1st June 2026, the Ministry of Statistics and Programme Implementation (MoSPI) revised the base year of the All India Index of Industrial Production (IIP) from 2011-12 to 2022-23 under the guidance of the Technical Advisory Committee for Base Year Revision of IIP (TAC-IIP).

What is IIP?

  • A monthly indicator released by the National Statistical Office (NSO) under MoSPI.
  • Measures changes in the volume of industrial production in India across sectors such as mining, manufacturing, and electricity.

Key Fact

  • Tenth Revision: The 2022-23 series marks the 10th revision of the IIP base year.
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