India's Index of Industrial Production Surges to 7.3% in June 2026
Data released by the Ministry of Statistics and Programme Implementation (MoSPI) highlights robust expansion across manufacturing, electricity, and gas utility sectors.
The Index of Industrial Production (IIP) estimates currently utilize 2022–23 as the base year, replacing the earlier 2011–12 benchmark.
Exam Perspective: IIP serves as a key macroeconomic indicator measuring short-term changes in the volume of industrial production across India.
Key Facts / Static GK
Q Practice Quiz — 29 July 2026
1. How many pieces of ₹10 polymer banknotes has the Reserve Bank of India proposed for field trials?
Explanation: The Reserve Bank of India proposed the field trial introduction of 100 crore pieces of ₹10 notes alongside 100 crore pieces of ₹20 notes.
2. What was the growth rate of India's Index of Industrial Production (IIP) recorded for June 2026?
Explanation: According to the Quick Estimates released by MoSPI, India's industrial production grew by 7.3% year-on-year in June 2026.
3. What total penalty amount was collected by private banks in FY 2025–26 for failing to maintain the Minimum Average Balance?
Explanation: Private sector banks collected ₹4,948.71 crore in FY 2025–26 as non-maintenance penalties for minimum account balances.
4. What was the year-on-year growth rate of net profit recorded by Public Sector Banks in FY 2025–26?
Explanation: The aggregate net profit of Public Sector Banks increased by 11.1% year-on-year to reach ₹1.98 lakh crore in FY 2025–26.
5. What is the primary function of the newly launched 'Axis Finance Drishti' engine?
Explanation: Axis Finance Drishti is a digital Business Rules Engine (BRE) engineered to refine credit decisioning and risk monitoring across MSME and retail operations.
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