India's Index of Industrial Production (IIP) rose by 5.2% YoY in May 2023 inclusive of growth in manufacturing, power generation, and mining sectors. Manufacturing output surged 5.7% YoY while power generation grew by 0.9% YoY as against a decline in April. Mining output rose 6.4% compared to 5.1% in the previous month, but witnessed a decline of 11.2% in the year-ago period.