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Economy News, Latest Economic News Today | The HinduBusinessLine

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April industrial output grows 4.9% as new IIP series debuts
By Shishir Sinha · 2026-06-01 · via Economy News, Latest Economic News Today | The HinduBusinessLine
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Industrial growth at 4.9% in April as new 2022-23 base series debuts

Manufacturing and capital goods drive IIP while mining records contraction

Updated - June 02, 2026 at 08:57 AM.

| New Delhi

FILE PHOTO: A worker welds a steel bar at a steel processing production line of a factory in Mandi Gobindgarh, in the northern state of Punjab, India, August 14, 2025.

FILE PHOTO: A worker welds a steel bar at a steel processing production line of a factory in Mandi Gobindgarh, in the northern state of Punjab, India, August 14, 2025. | Photo Credit: Reuters

Factory output grew at 4.9 per cent in April as against 5.7 per cent during the corresponding month of last fiscal, the Statistics Ministry reported on Monday.

This is the first print under the new base year of 2022-23.

Here are highlights:

  • The growth rates of the four sectors — Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management — for the month of April 2026 are -5.1 per cent, 6.2 per cent, 4.9 per cent and 6.6 per cent respectively.
  • Within the Manufacturing sector, 17 out of 23 industry groups at the NIC two-digit level have recorded positive growth in April 2026 over April 2025. The top three positive contributors for the month of April 2026 are “Manufacture of motor vehicles, trailers and semi-trailers” (12.7 per cent), “Manufacture of electrical equipment” (19.2 per cent) and “Manufacture of machinery and equipment n.e.c.” (12.9 per cent).
  • In the industry group “Manufacture of motor vehicles, trailers and semi-trailers”, the item groups “Auto Components, Spares and Accessories”, “Passenger Cars”, and “Rim (Wheel)” have shown significant contribution to the growth.
  • In the industry group “Manufacture of electrical equipment”, the item groups “Electrical Apparatus for Switching or Protecting Electrical Circuits (e.g., Switchgear, Circuit Breakers/Switches, Control/Meter Panels) and Parts Thereof”, “Articles of Graphite or Carbon Used for Electrical Purposes Including Carbon Electrodes and Carbon Brushes” and “Transformers (Small)” have shown significant contribution to the growth.
  • In the industry group “Manufacture of machinery and equipment n.e.c.”, the item groups “Fire-Fighting Equipment”, “Cranes – All Types and Parts Thereof”, and “Stationary and Internal Combustion Piston Engines Not for Motor Vehicles” have shown significant contribution to the growth.
  • As per the Use-Based Classification, the corresponding growth rates of the IIP in April 2026 over April 2025 are 0.8 per cent in Primary Goods, 16.0 per cent in Capital Goods, 7.7 per cent in Intermediate Goods, 7.1 per cent in Infrastructure/Construction Goods, 4.3 per cent in Consumer durables and 2.8 per cent in Consumer non-durables (Statement III). Based on Use-Based Classification, the top three positive contributors to the growth of the IIP for April 2026 are Intermediate Goods, Capital Goods and Infrastructure/Construction Goods.

Published on June 1, 2026

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