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National News

The Times of India

National / The Times of India

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Weight of mfg & electricity set to rise in new IIP series, mining to fall

The Index of Industrial Production (IIP) is set for a significant overhaul with a new base year of 2022-23 and a shift to a chain-based series. This update will increase the weight of electricity and manufacturing sectors while decreasing mining's share, reflecting evolving production patterns. The new methodology aims to better capture dynamic economic changes.

27 Jan 2026 2:14 am