
India's industrial production rose 5.1% in May, bolstered by strong manufacturing and electricity sector performance, according to IIP data.


Introduction of chain-linked IIP in addition to the fixed base index, and greater granularity in electricity index are among the key improvements recommended

The IIP overhaul will include rare earths and water supply, shifting the base year to 2022-23 for improved economic insights.
India Business News: New Delhi: After years of discussion, India's official statistical machinery is set to compile an index of service production (ISP), which will comple.