Press note on release of the Report of the Technical Advisory Committee on Base Year Revision of the All-India Index of Industrial Production from 2011-12 to 2022-23

• The Index of Industrial Production (IIP) is India's principal high-frequency indicator of short-term industrial performance, compiled monthly by the National Statistics Office (NSO), MoSPI.
• MoSPI on 25 May 2026 released the report of the Technical Advisory Committee on Base Year Revision of IIP (TAC-IIP) chaired by Dr. Mridul K. Saggar (IIM Kozhikode), shifting the base from 2011-12 to 2022-23.
• New series launches on 1 June 2026, aligned with the parallel re-basing of GDP (released 27 Feb 2026) and CPI (12 Feb 2026).
• Relevance for UPSC: GS-III (Indian Economy — growth, industry, statistics) and Prelims (statistical institutions, indices).