IIP Grows 8% in August 2026 as Manufacturing and Power Lead

India's Index of Industrial Production grew 8.0% year-on-year in August 2026, taking the index to 123.3 on a base of 2022-23 equal to 100. The National Statistics Office under the Ministry of Statistics and Programme Implementation released the quick estimates on 28 September 2026. Electricity and gas supply led with 12.3% growth and manufacturing rose 9.0%, while mining and quarrying contracted 5.6%. July 2026 growth was revised upward to 7.4%. The release matters for exams because it supplies fresh sectoral and use-based figures for the new IIP series.

What Happened

The National Statistics Office released the quick estimates of the Index of Industrial Production for August 2026 on 28 September 2026. The index rose 8.0% over August 2025 and stood at 123.3 on the base 2022-23 equal to 100. Manufacturing grew 9.0% and electricity and gas supply grew 12.3%, while mining and quarrying contracted 5.6%. The July 2026 growth rate was revised upward to 7.4% from the provisional 6.7%.

When & Where

The release was issued on 28 September 2026 from New Delhi, where the Ministry of Statistics and Programme Implementation is headquartered. The data covers all of India for the reference month of August 2026. This is the fifth monthly IIP reading under the new series that uses 2022-23 as its base year, so the series is still building its comparison history.

Who Is Involved

National Statistics Office (NSO) — compiles and releases the IIP, including these quick estimates.
Ministry of Statistics and Programme Implementation (MoSPI) — the parent ministry under which the NSO functions and which owns India's official statistical system.
Manufacturing units, mines and power utilities — the reporting entities whose production volumes feed the index through source agencies.
Reserve Bank of India and the Ministry of Finance — the principal users, since industrial output feeds into monetary policy and growth estimates.

How It Works

Volume, not value. The IIP measures changes in the physical volume of production, so price changes do not distort it. This is why it is read alongside inflation data rather than as a substitute for it.
Base year and index value. Production in the base year 2022-23 is set at 100. The August 2026 reading of 123.3 therefore means output was 23.3% above the base-year average.
Three broad sectors plus water. The index is built from mining and quarrying, manufacturing, electricity and gas supply, and water supply, sewerage and waste management. Each sector's growth is reported separately, which is how a mining contraction can sit alongside overall expansion.
Use-based classification. The same output is regrouped by economic use — primary, capital, intermediate, infrastructure and construction, consumer durables and consumer non-durables. Capital goods growth of 16.9% signals investment demand, while consumer non-durables growth of 2.1% signals weak everyday household spending.
Quick estimates and revision. The first figure for a month is provisional and is revised as more returns arrive. July 2026 was revised upward from 6.7% to 7.4%, which is why examiners distinguish provisional from revised figures.

Why It Matters

Economic: Industrial output is a high-frequency indicator of the economy's momentum and feeds directly into quarterly GDP estimation.
Policy: Capital goods growth of 16.9% points to rising investment, which shapes the Reserve Bank's reading of demand conditions.
Social: Consumer non-durables growth of only 2.1% suggests mass consumption is lagging even as heavy industry expands, an important point for inequality arguments.
Employment: Manufacturing growth of 9.0% matters for job creation, since manufacturing absorbs far more labour than mining or power generation.

Historical Background

The IIP has been revised several times to keep the basket of products current. The series before the present one used 2011-12 as its base year, and the shift to 2022-23 updated both the item basket and the weights to reflect today's industrial structure. August 2026 is the fifth monthly reading under this new series. Within the new series, manufacturing has now grown at 8% or more for three consecutive months, showing that the current expansion is led by factory output rather than by a single month's spike.

Previous Related Events

July 2026: the provisional IIP growth rate of 6.7% was revised upward to 7.4% in this release, showing the scale that revisions can take.
Base-year revision to 2022-23: the new IIP series replaced the 2011-12 base, changing the reference point for every growth comparison.
The months preceding August 2026: manufacturing recorded growth of 8% or more in three consecutive months, establishing the run that August 2026 extended.

Static GK Connection

Index of Industrial Production: a composite index that measures short-term changes in the volume of industrial production. It is a volume index, not a value index, and is released every month.
Base year: the reference year whose output is set equal to 100. Choosing a recent base year keeps the index representative, which is why the base moved from 2011-12 to 2022-23.
Use-based classification: the grouping of industrial output by economic purpose. Capital goods indicate investment, intermediate goods indicate activity in the production chain, and consumer goods indicate household demand.
Index of Eight Core Industries: a separate index compiled by the Department for Promotion of Industry and Internal Trade, covering core infrastructure sectors, and often confused with the IIP.

India & World Comparison

India's industrial output grew 8.0% in August 2026, with manufacturing up 9.0%. Growth of this order is high by the standards of most large economies, where mature industrial bases usually expand in low single digits. Advanced economies such as Germany and Japan compile comparable industrial production indices, and international comparisons are made through the industrial production series that bodies like the International Monetary Fund and the World Bank collate. The mining contraction of 5.6% in the same month shows that India's industrial growth is currently narrower than the headline figure suggests.

Future Impact

28 October 2026: the next IIP release, covering September 2026, will show whether the 8% pace held.
Revisions ahead: the August 2026 figure of 8.0% is a quick estimate and will itself be revised in later releases.
Monetary policy: sustained industrial growth with capital goods at 16.9% will influence the Reserve Bank's assessment of demand and capacity utilisation.
Growth estimates: industrial output at this pace feeds into quarterly GDP estimates and into the advance estimates for the financial year.

🔑 Key Points for Revision

IIP grew 8.0% year-on-year in August 2026.
The index value was 123.3 on the base 2022-23 equal to 100.
The National Statistics Office released the data on 28 September 2026.
The NSO functions under the Ministry of Statistics and Programme Implementation.
Electricity and gas supply grew 12.3%, the highest among sectors.
Manufacturing grew 9.0% in August 2026.
Water supply, sewerage and waste management grew 6.3%.
Mining and quarrying contracted 5.6%, the only sector to fall.
Capital goods grew 16.9%, the highest among use-based categories.
Intermediate goods grew 13.7% and consumer durables 11.1%.
Infrastructure and construction goods grew 6.4%.
Primary goods grew 3.5% and consumer non-durables 2.1%.
July 2026 growth was revised upward to 7.4% from 6.7%.
Manufacturing has grown 8% or more for three consecutive months.
The next release, for September 2026, is due on 28 October 2026.

🧠 Concept Link (Static GK Deep Dive)

Core Concept: Index of Industrial Production (IIP)

Definition: The IIP is a composite index that measures short-term changes in the volume of industrial production in an economy.
Legal / Institutional Basis: It is compiled and released by the National Statistics Office under the Ministry of Statistics and Programme Implementation as part of India's official statistics.
Economic Principle: It is a volume index built from quantity data, so it tracks real output and is unaffected by price changes.
Link to this event: The August 2026 reading of 123.3 and growth of 8.0% is the latest point in this series.
Origin & History: The index has been rebased repeatedly to stay representative, most recently from 2011-12 to 2022-23.
Key milestone 1: The shift to the 2022-23 base year created the new series, of which August 2026 is the fifth monthly reading.
Key milestone 2: July 2026 growth was revised upward to 7.4% from a provisional 6.7%, illustrating the revision process.
Related Indices: the Index of Eight Core Industries compiled by the Department for Promotion of Industry and Internal Trade; the Consumer Price Index and Wholesale Price Index, which measure prices rather than volumes.
Nodal Ministry / Body: the Ministry of Statistics and Programme Implementation, acting through the National Statistics Office.
India-specific relevance: Industrial output is a monthly check on India's growth story between quarterly GDP releases, and it guides both fiscal and monetary decisions.
Global comparison: Most large economies publish a monthly industrial production index, and India's 8.0% growth in August 2026 is high compared with the low single-digit pace typical of mature industrial economies.
Data point: In August 2026 capital goods grew 16.9% while consumer non-durables grew 2.1%, the widest gap among the use-based categories.
Common exam angle: Examiners ask which body releases the IIP, what its base year is, which sector grew fastest or contracted, and which use-based category led.
Easy memory hook: "Volume not value — base 2022-23, August 2026 at 123.3."

❓ Practice MCQs

Q1. By how much did India's Index of Industrial Production grow year-on-year in August 2026? [Easy]

A) 6.7%

B) 7.4%

C) 8.0%

D) 9.0%

Answer: C

Explanation: The IIP grew 8.0% year-on-year in August 2026, taking the index to 123.3.

Q2. Which sector recorded a contraction in August 2026? [Easy]

A) Manufacturing

B) Electricity and gas supply

C) Water supply, sewerage and waste management

D) Mining and quarrying

Answer: D

Explanation: Mining and quarrying contracted 5.6% and was the only sector to fall in August 2026.

Q3. What is the base year of the current Index of Industrial Production series? [Moderate]

A) 2011-12

B) 2022-23

C) 2004-05

D) 2016-17

Answer: B

Explanation: The current IIP series uses 2022-23 equal to 100, replacing the earlier 2011-12 base.

Q4. Which use-based category recorded the highest growth in August 2026? [Moderate]

A) Intermediate goods

B) Consumer durables

C) Capital goods

D) Infrastructure and construction goods

Answer: C

Explanation: Capital goods grew 16.9%, ahead of intermediate goods at 13.7% and consumer durables at 11.1%.

Q5. July 2026 IIP growth was revised to which figure in this release? [Moderate]

A) 7.4%

B) 6.7%

C) 6.3%

D) 8.0%

Answer: A

Explanation: July 2026 growth was revised upward to 7.4% from the provisional estimate of 6.7%.

Q6. Which body releases the Index of Industrial Production in India? [Tricky]

A) Reserve Bank of India

B) National Statistics Office under the Ministry of Statistics and Programme Implementation

C) Department for Promotion of Industry and Internal Trade

D) NITI Aayog

Answer: B

Explanation: The National Statistics Office, under the Ministry of Statistics and Programme Implementation, compiles and releases the IIP.

Q7. What was the IIP index value for August 2026? [Tricky]

A) 123.3

B) 112.3

C) 108.3

D) 131.3

Answer: A

Explanation: The index stood at 123.3 in August 2026 on the base 2022-23 equal to 100.

Q8. Which sector recorded the highest growth rate in August 2026? [Tricky]

A) Manufacturing

B) Electricity and gas supply

C) Water supply, sewerage and waste management

D) Mining and quarrying

Answer: B

Explanation: Electricity and gas supply grew 12.3%, ahead of manufacturing at 9.0% and water supply at 6.3%.

📜 Previous Year Question Style (PYQ)

PYQ 1:

Consumer non-durables recorded what rate of growth in August 2026?

A) 2.1%

B) 3.5%

C) 6.4%

D) 11.1%

Answer: A

Explanation: Consumer non-durables grew 2.1%, the slowest among the use-based categories, while primary goods grew 3.5%.

PYQ 2:

Consider the following statements:

The Index of Industrial Production grew 8.0% year-on-year in August 2026.
Mining and quarrying was the only sector to contract in August 2026.
The current Index of Industrial Production series uses 2011-12 as its base year.

Which of the above statements is/are correct?

A) 1 only

B) 1 and 2 only

C) 2 and 3 only

D) All of the above

Answer: B

Explanation: Statements 1 and 2 are correct. Statement 3 is wrong because the current series uses 2022-23 as its base year, not 2011-12.

PYQ 3:

Match the following sectors with their growth rates in August 2026:

Manufacturing — a) 9.0%
Electricity and gas supply — b) 12.3%
Water supply, sewerage and waste management — c) 6.3%
Mining and quarrying — d) -5.6%

A) 1-a, 2-b, 3-c, 4-d

B) 1-b, 2-a, 3-d, 4-c

C) 1-c, 2-d, 3-a, 4-b

D) 1-a, 2-c, 3-b, 4-d

Answer: A

Explanation: Manufacturing grew 9.0%, electricity and gas supply 12.3%, water supply 6.3%, while mining and quarrying fell 5.6%.

✍️ Mains Answer Pointers

Question 1 (150 words): What does the August 2026 Index of Industrial Production tell us about the composition of India's industrial growth?

The August 2026 IIP shows industrial growth that is strong in aggregate but uneven in composition. The headline figure of 8.0% conceals a sharp divide between sectors and between categories of goods.

On the sectoral side, electricity and gas supply grew 12.3% and manufacturing 9.0%, while mining and quarrying contracted 5.6%. Growth is therefore being carried by factories and power generation rather than by extraction, which suggests the expansion rests on processing and value addition rather than on raw material output.

The use-based data sharpens the picture. Capital goods grew 16.9% and intermediate goods 13.7%, both signs of investment and of activity along the production chain. But consumer non-durables grew only 2.1%, meaning everyday household demand is close to flat.

The pattern is one of investment-led rather than consumption-led growth. The way forward lies in ensuring that rising capital formation eventually translates into incomes and mass consumption, so that the two legs of demand move together.

Question 2 (250 words): Discuss the role of the Index of Industrial Production in India's statistical system, and examine what the August 2026 data reveals about the durability of the current industrial expansion.

The Index of Industrial Production is India's principal high-frequency measure of industrial activity. Compiled by the National Statistics Office under the Ministry of Statistics and Programme Implementation, it is a volume index: it tracks the physical quantity of output, so price movements do not distort it. This makes it the natural companion to the price indices and a monthly bridge between quarterly GDP releases.

Its usefulness depends on staying representative, which is why the index is periodically rebased. The move from 2011-12 to 2022-23 updated both the basket of items and the weights, and August 2026 is the fifth monthly reading under this new series. A short series limits long-run comparison, which is a genuine constraint on interpretation.

On durability, the August 2026 data offers real grounds for confidence. Growth of 8.0% is not a one-month spike: manufacturing has grown 8% or more for three consecutive months, and July 2026 was revised upward to 7.4% from a provisional 6.7%, meaning the underlying momentum was stronger than first reported. Capital goods growth of 16.9% points to investment that will support output in coming quarters.

Two weaknesses temper this. Mining and quarrying contracted 5.6%, so the input side of industry is not keeping pace. Consumer non-durables grew only 2.1%, which means mass demand is not yet reinforcing the expansion.

On balance the expansion looks durable but narrow. The way forward is to watch the 28 October 2026 release for September data, and to judge durability by whether consumer non-durables begin to catch up with capital goods.

⚠️ Examiner Trap

Trap 1: Students confuse the Index of Industrial Production with the Index of Eight Core Industries. The correct fact is that the IIP is released by the National Statistics Office under MoSPI, while the Index of Eight Core Industries is compiled by the Department for Promotion of Industry and Internal Trade.
Trap 2: A common wrong assumption is that the IIP base year is still 2011-12. The reality is that the current series uses 2022-23 equal to 100, and the August 2026 index value on that base is 123.3.
Trap 3: Many students miss that a quick estimate is provisional and gets revised. Always remember that July 2026 growth was first put at 6.7% and later revised upward to 7.4%.

IIP Grows 8% in August 2026 as Manufacturing and Power Lead

What Happened

When & Where

Who Is Involved

National Statistics Office (NSO) — compiles and releases the IIP, including these quick estimates.
Ministry of Statistics and Programme Implementation (MoSPI) — the parent ministry under which the NSO functions and which owns India's official statistical system.
Manufacturing units, mines and power utilities — the reporting entities whose production volumes feed the index through source agencies.
Reserve Bank of India and the Ministry of Finance — the principal users, since industrial output feeds into monetary policy and growth estimates.

How It Works

Volume, not value. The IIP measures changes in the physical volume of production, so price changes do not distort it. This is why it is read alongside inflation data rather than as a substitute for it.
Base year and index value. Production in the base year 2022-23 is set at 100. The August 2026 reading of 123.3 therefore means output was 23.3% above the base-year average.
Three broad sectors plus water. The index is built from mining and quarrying, manufacturing, electricity and gas supply, and water supply, sewerage and waste management. Each sector's growth is reported separately, which is how a mining contraction can sit alongside overall expansion.
Use-based classification. The same output is regrouped by economic use — primary, capital, intermediate, infrastructure and construction, consumer durables and consumer non-durables. Capital goods growth of 16.9% signals investment demand, while consumer non-durables growth of 2.1% signals weak everyday household spending.
Quick estimates and revision. The first figure for a month is provisional and is revised as more returns arrive. July 2026 was revised upward from 6.7% to 7.4%, which is why examiners distinguish provisional from revised figures.

Why It Matters

Economic: Industrial output is a high-frequency indicator of the economy's momentum and feeds directly into quarterly GDP estimation.
Policy: Capital goods growth of 16.9% points to rising investment, which shapes the Reserve Bank's reading of demand conditions.
Social: Consumer non-durables growth of only 2.1% suggests mass consumption is lagging even as heavy industry expands, an important point for inequality arguments.
Employment: Manufacturing growth of 9.0% matters for job creation, since manufacturing absorbs far more labour than mining or power generation.

Historical Background

Previous Related Events

July 2026: the provisional IIP growth rate of 6.7% was revised upward to 7.4% in this release, showing the scale that revisions can take.
Base-year revision to 2022-23: the new IIP series replaced the 2011-12 base, changing the reference point for every growth comparison.
The months preceding August 2026: manufacturing recorded growth of 8% or more in three consecutive months, establishing the run that August 2026 extended.

Static GK Connection

Index of Industrial Production: a composite index that measures short-term changes in the volume of industrial production. It is a volume index, not a value index, and is released every month.
Base year: the reference year whose output is set equal to 100. Choosing a recent base year keeps the index representative, which is why the base moved from 2011-12 to 2022-23.
Use-based classification: the grouping of industrial output by economic purpose. Capital goods indicate investment, intermediate goods indicate activity in the production chain, and consumer goods indicate household demand.
Index of Eight Core Industries: a separate index compiled by the Department for Promotion of Industry and Internal Trade, covering core infrastructure sectors, and often confused with the IIP.

India & World Comparison

Future Impact

28 October 2026: the next IIP release, covering September 2026, will show whether the 8% pace held.
Revisions ahead: the August 2026 figure of 8.0% is a quick estimate and will itself be revised in later releases.
Monetary policy: sustained industrial growth with capital goods at 16.9% will influence the Reserve Bank's assessment of demand and capacity utilisation.
Growth estimates: industrial output at this pace feeds into quarterly GDP estimates and into the advance estimates for the financial year.

🔑 Key Points for Revision

IIP grew 8.0% year-on-year in August 2026.
The index value was 123.3 on the base 2022-23 equal to 100.
The National Statistics Office released the data on 28 September 2026.
The NSO functions under the Ministry of Statistics and Programme Implementation.
Electricity and gas supply grew 12.3%, the highest among sectors.
Manufacturing grew 9.0% in August 2026.
Water supply, sewerage and waste management grew 6.3%.
Mining and quarrying contracted 5.6%, the only sector to fall.
Capital goods grew 16.9%, the highest among use-based categories.
Intermediate goods grew 13.7% and consumer durables 11.1%.
Infrastructure and construction goods grew 6.4%.
Primary goods grew 3.5% and consumer non-durables 2.1%.
July 2026 growth was revised upward to 7.4% from 6.7%.
Manufacturing has grown 8% or more for three consecutive months.
The next release, for September 2026, is due on 28 October 2026.

🧠 Concept Link (Static GK Deep Dive)

Core Concept: Index of Industrial Production (IIP)

Definition: The IIP is a composite index that measures short-term changes in the volume of industrial production in an economy.
Legal / Institutional Basis: It is compiled and released by the National Statistics Office under the Ministry of Statistics and Programme Implementation as part of India's official statistics.
Economic Principle: It is a volume index built from quantity data, so it tracks real output and is unaffected by price changes.
Link to this event: The August 2026 reading of 123.3 and growth of 8.0% is the latest point in this series.
Origin & History: The index has been rebased repeatedly to stay representative, most recently from 2011-12 to 2022-23.
Key milestone 1: The shift to the 2022-23 base year created the new series, of which August 2026 is the fifth monthly reading.
Key milestone 2: July 2026 growth was revised upward to 7.4% from a provisional 6.7%, illustrating the revision process.
Related Indices: the Index of Eight Core Industries compiled by the Department for Promotion of Industry and Internal Trade; the Consumer Price Index and Wholesale Price Index, which measure prices rather than volumes.
Nodal Ministry / Body: the Ministry of Statistics and Programme Implementation, acting through the National Statistics Office.
India-specific relevance: Industrial output is a monthly check on India's growth story between quarterly GDP releases, and it guides both fiscal and monetary decisions.
Global comparison: Most large economies publish a monthly industrial production index, and India's 8.0% growth in August 2026 is high compared with the low single-digit pace typical of mature industrial economies.
Data point: In August 2026 capital goods grew 16.9% while consumer non-durables grew 2.1%, the widest gap among the use-based categories.
Common exam angle: Examiners ask which body releases the IIP, what its base year is, which sector grew fastest or contracted, and which use-based category led.
Easy memory hook: "Volume not value — base 2022-23, August 2026 at 123.3."

❓ Practice MCQs

Q1. By how much did India's Index of Industrial Production grow year-on-year in August 2026? [Easy]

A) 6.7%

B) 7.4%

C) 8.0%

D) 9.0%

Answer: C

Explanation: The IIP grew 8.0% year-on-year in August 2026, taking the index to 123.3.

Q2. Which sector recorded a contraction in August 2026? [Easy]

A) Manufacturing

B) Electricity and gas supply

C) Water supply, sewerage and waste management

D) Mining and quarrying

Answer: D

Explanation: Mining and quarrying contracted 5.6% and was the only sector to fall in August 2026.

Q3. What is the base year of the current Index of Industrial Production series? [Moderate]

A) 2011-12

B) 2022-23

C) 2004-05

D) 2016-17

Answer: B

Explanation: The current IIP series uses 2022-23 equal to 100, replacing the earlier 2011-12 base.

Q4. Which use-based category recorded the highest growth in August 2026? [Moderate]

A) Intermediate goods

B) Consumer durables

C) Capital goods

D) Infrastructure and construction goods

Answer: C

Explanation: Capital goods grew 16.9%, ahead of intermediate goods at 13.7% and consumer durables at 11.1%.

Q5. July 2026 IIP growth was revised to which figure in this release? [Moderate]

A) 7.4%

B) 6.7%

C) 6.3%

D) 8.0%

Answer: A

Explanation: July 2026 growth was revised upward to 7.4% from the provisional estimate of 6.7%.

Q6. Which body releases the Index of Industrial Production in India? [Tricky]

A) Reserve Bank of India

B) National Statistics Office under the Ministry of Statistics and Programme Implementation

C) Department for Promotion of Industry and Internal Trade

D) NITI Aayog

Answer: B

Explanation: The National Statistics Office, under the Ministry of Statistics and Programme Implementation, compiles and releases the IIP.

Q7. What was the IIP index value for August 2026? [Tricky]

A) 123.3

B) 112.3

C) 108.3

D) 131.3

Answer: A

Explanation: The index stood at 123.3 in August 2026 on the base 2022-23 equal to 100.

Q8. Which sector recorded the highest growth rate in August 2026? [Tricky]

A) Manufacturing

B) Electricity and gas supply

C) Water supply, sewerage and waste management

D) Mining and quarrying

Answer: B

Explanation: Electricity and gas supply grew 12.3%, ahead of manufacturing at 9.0% and water supply at 6.3%.

📜 Previous Year Question Style (PYQ)

PYQ 1:

Consumer non-durables recorded what rate of growth in August 2026?

A) 2.1%

B) 3.5%

C) 6.4%

D) 11.1%

Answer: A

Explanation: Consumer non-durables grew 2.1%, the slowest among the use-based categories, while primary goods grew 3.5%.

PYQ 2:

Consider the following statements:

The Index of Industrial Production grew 8.0% year-on-year in August 2026.
Mining and quarrying was the only sector to contract in August 2026.
The current Index of Industrial Production series uses 2011-12 as its base year.

Which of the above statements is/are correct?

A) 1 only

B) 1 and 2 only

C) 2 and 3 only

D) All of the above

Answer: B

Explanation: Statements 1 and 2 are correct. Statement 3 is wrong because the current series uses 2022-23 as its base year, not 2011-12.

PYQ 3:

Match the following sectors with their growth rates in August 2026:

Manufacturing — a) 9.0%
Electricity and gas supply — b) 12.3%
Water supply, sewerage and waste management — c) 6.3%
Mining and quarrying — d) -5.6%

A) 1-a, 2-b, 3-c, 4-d

B) 1-b, 2-a, 3-d, 4-c

C) 1-c, 2-d, 3-a, 4-b

D) 1-a, 2-c, 3-b, 4-d

Answer: A

Explanation: Manufacturing grew 9.0%, electricity and gas supply 12.3%, water supply 6.3%, while mining and quarrying fell 5.6%.

✍️ Mains Answer Pointers

Question 1 (150 words): What does the August 2026 Index of Industrial Production tell us about the composition of India's industrial growth?

The August 2026 IIP shows industrial growth that is strong in aggregate but uneven in composition. The headline figure of 8.0% conceals a sharp divide between sectors and between categories of goods.

⚠️ Examiner Trap

Trap 1: Students confuse the Index of Industrial Production with the Index of Eight Core Industries. The correct fact is that the IIP is released by the National Statistics Office under MoSPI, while the Index of Eight Core Industries is compiled by the Department for Promotion of Industry and Internal Trade.
Trap 2: A common wrong assumption is that the IIP base year is still 2011-12. The reality is that the current series uses 2022-23 equal to 100, and the August 2026 index value on that base is 123.3.
Trap 3: Many students miss that a quick estimate is provisional and gets revised. Always remember that July 2026 growth was first put at 6.7% and later revised upward to 7.4%.