Modernizing Metrics: India’s Revamped IIP Reflects a Shifting Industrial Landscape
India’s industrial output recorded a 4.9% growth rate in April, marking the first major performance indicator released under a revamped Index of Industrial Production (IIP) series. Announced by Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg in New Delhi, the updated framework aims to capture the structural shifts within the nation’s rapidly evolving…