Industrial output growth slows to 4.9% from 5.7%

NEW DELHI: Industrial production growth slowed to 4.9% in April 2026 from 5.7% a year earlier on account of a contraction in mining and quarrying and slowdown in other sectors. The statistics ministry Monday released the new IIP series, with 2022-23 as the base year (from 2011-12), updating the methodology and broadening the coverage of…

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UPI transactions near 30L cr, increase 19%

MUMBAI: Unified Payments Interface transactions rose to 2,320 crore in May 2026 from 2,235 crore in April while value increased to Rs 29.9 lakh crore from Rs 29 lakh crore, translating into 24% growth in volume and 19% growth in value on a year-on-year basis.Average daily transactions stood at 74.8 crore with 74.5 crore in…

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