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2026-05-25 21:03:20
[India Plans to Reform Industrial Output Calculation Method, Adding Renewable Energy and Utilities Sectors] ⑴ The Indian Ministry of Statistics has proposed adjusting the calculation method for monthly industrial output, planning to expand industry coverage and adopt a chain-linked framework. This move aims to align with the new industrial output data series scheduled for release next week. ⑵ The Ministry's technical advisory group recommends a broad reform of the "Industrial Production Index," specifically including separate tracking of renewable energy generation and the inclusion of utilities such as gas supply, water supply, wastewater treatment, and waste management. ⑶ From a transactional perspective, the new methodology will more comprehensively reflect India's economic structural transformation—separate tracking of renewable energy helps accurately assess the contribution of green energy to industrial growth, while the inclusion of utilities fills the gap in the old index regarding infrastructure services. This is expected to make industrial output data more closely reflect actual economic activity, but may pose challenges to the comparability of historical data.
