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India macro › Industrial production (IIP) › May 2024

Industrial production (IIP), May 2024: up 7.3%

India's industrial output grew 7.3% in May 2024 from a year earlier, after growth of 7.1% in April. Output has grown for 14 months in a row. In May 2023 it grew 5.2%. The index is on MoSPI's 2022-23 base and covers mining, manufacturing and electricity.

May 2024April 2024May 2023
IIP growth7.3%7.1%5.2%
Industrial production growth (IIP)Apr 2023 – Aug 2026
−5%0%5%10%15%20%25%20247.320252026
Year-on-year growth of the general index (2022-23 base), covering mining, manufacturing and electricity.

Source: Ministry of Statistics and Programme Implementation (MoSPI). MoSPI revises earlier periods as fuller data arrives; this page shows the latest published figure. The latest figures for every indicator are on the India macro dashboard.