MockSutraCurrent Affairs

India IIP Grows 7.3% in June 2026 — Fastest in Nearly Two Years

4 August 2026National

India Index of Industrial Production (IIP) grew 7.3% year-on-year in June 2026, the fastest in nearly two years and the third straight month of acceleration, driven by strong manufacturing (automobiles, pharmaceuticals, electronics) and a revival in capital goods. IIP data is released by the National Statistical Office (NSO) under MoSPI; the Core Industries Index grew 5% in June 2026.

Static GK

IIP weights: Manufacturing 77.63%, Mining 14.37%, Electricity 7.99% | Base year: 2011-12 | Released by NSO under MoSPI

⚡ Quick Revision

India IIP grew 7.3% y-o-y in June 2026 — the fastest in nearly two years — led by manufacturing; data is released by the NSO under MoSPI (base year 2011-12).

ShareWhatsAppTelegram

More Economy Current Affairs

SBI Research Projects India's Q1 FY27 GDP Growth at Around 7%

SBI Research (Economic Research Department, State Bank of India), in its pre-policy report titled *Prelude to Monetary Policy Committee Meeting: August 3-5, 2026*, projected India's Q1 FY27 (April-June 2026) GDP growth at around 7% - higher than the RBI's estimate of 6.6%. The upward view rests on strong high-frequency indicators: passenger-vehicle sales +24.1% YoY, electricity demand +11.5%, exports +15.5% and the IIP +7.3% (June 2026). Q1 FY27 inflation stood at 3.9%, with full-year FY27 CPI seen near 5%, within the RBI's 2-6% band.

GK ByteSBI Chairman: C.S. Setty | SBI founded: 1 July 1955 | HQ: Mumbai | Flagship report: Ecowrap | SBI is India's largest commercial bank
📅 5 Aug 2026EconomyRead complete →

BIMCO-ICS Seafarer Workforce Report 2026: India Becomes World's 2nd-Largest Supplier of Seafarers

Per the BIMCO-ICS Seafarer Workforce Report 2026, released by the Baltic and International Maritime Council (BIMCO) and the International Chamber of Shipping (ICS), India became the world's 2nd-largest supplier of seafarers with 311,936 professionals (12.16% of the global workforce) — ranking behind the Philippines and ahead of China, Russia and Indonesia. India rose from 5th in 2015 (5.2% share) to 2nd in 2026, contributing 140,718 officers (13.41% of global officers) and 171,218 ratings (11.29% of global ratings). The report estimates global seafarer supply at 2.57 million against demand of 2.55 million.

GK ByteLargest seafarer supplier: Philippines | Union Ports, Shipping & Waterways Minister: Sarbananda Sonowal | BIMCO HQ: Denmark | ICS HQ: London | National Maritime Day (India): 5 April
📅 1 Aug 2026EconomyRead complete →

India's IIP Growth Surges to 7.3% in June 2026

India's Index of Industrial Production (IIP) growth rose to 7.3% in June 2026, up from 5.1% in May 2026, driven mainly by expansion in the manufacturing and capital goods sectors. The IIP is compiled and released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI). The IIP measures the volume of production across three broad sectors - Mining, Manufacturing and Electricity - with Manufacturing carrying the largest weight.

GK ByteIIP released by NSO under MoSPI | Base year: 2011-12 | Three sectors: Mining, Manufacturing, Electricity | Use-based categories include capital goods, consumer durables, infrastructure/construction goods
📅 31 Jul 2026EconomyRead complete →

NITI Aayog Unveils 10-Year Roadmap Targeting a USD 691 Billion Bioeconomy by 2035

NITI Aayog launched the Roadmap for Building India as a Leading Bioeconomy Powerhouse by 2035 at the National Media Centre, New Delhi, released by Dr. Jitendra Singh (MoS Independent Charge, Science & Technology) with NITI Aayog CEO Nidhi Chhibber. Developed by the NITI Frontier Tech Hub (NITI-FTH) with the Department of Biotechnology, it targets a USD 691 billion bioeconomy by 2035 and USD 2.6 trillion by 2047, over 30 million high-value jobs, and a place among the world's top 3 biotech powers. It recommends six National BioMissions — GeneIndia, AgriBio 2.0, BioX Foundry, One Health Grid, Marine Biotechnology and BioPharmaNext — and a proposed Rs 50,000 crore BioEconomy Growth Fund (2026-2035) from within the existing Rs 1 lakh crore RDI framework.

GK ByteNITI Aayog formed: 1 Jan 2015 (replaced Planning Commission) | Chairperson: PM (ex-officio); CEO: Nidhi Chhibber | India bioeconomy ~USD 165 bn in 2024 | DBT is under the Ministry of Science & Technology
📅 22 Jul 2026EconomyRead complete →
See all Reports & Indices →All Current Affairs