India's industrial production, represented by IIP, jumped to a 19-month high of 4.7% in May as compared to 3.4% contraction in April. Analyst had expected IIP to come at 3.76% in May.

Manufacturing sector reported a growth of 4.8% while mining witnessed growth of 2.7%. Electricity sector registered a growth of 6.3%.

Basic goods reported a growth of 6.3%, while intermediate goods reported a growth of 2.7% in May. Capital goods witnessed growth of 4.5%.

Consumer durables recorded a growth of 3.2% while consumer non-durables witnessed a growth of 3.9%, with the overall growth in consumer goods being 3.7%.

Sixteen out of the twenty two industry groups in the manufacturing sector have shown positive growth during the month of May 2014.