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India Overhauls Industrial Tracking: IIP Shifts to 2022-23 Base Year, Adding Rare Earths and New-Economy Sectors

Mumbai. Wednesday, 27 May 2026 India is completely modernizing its macroeconomic dashboard. The central government’s major overhaul of the Index of Industrial Production (IIP) shifts its baseline anchor from the outdated 2011-12 tracking period to a modern 2022-23 base year. Scheduled to take effect on June 1, 2026, this structural …

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