India Industrial Production

Data Industry

Source: MOSPI
Source Link: https://www.mospi.gov.in/
Frequency: Monthly
Next Release(s): September 29th, 2025 5:30 AM

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India’s industrial production rose +3.5% YoY in July 2025 (from +1.5% YoY in June), supported by manufacturing gains despite sharp mining weakness.
- Mining output fell -7.2% YoY, while manufacturing grew +5.4% YoY and electricity rose +0.6% YoY, showing sectoral divergence.
- The IIP index stood at 155.0 in July 2025 (vs. 149.8 in July 2024), with manufacturing at 156.9, mining at 107.7, and electricity at 221.5.
- Fourteen of 23 manufacturing groups posted positive growth, led by basic metals (+12.7% YoY), electrical equipment (+15.9% YoY), and non-metallic mineral products (+9.5% YoY).
- Within basic metals, strong gains came from MS slabs, HR coils/sheets, and alloy steel flats; electrical equipment growth was driven by heaters, switchgear, and small transformers.
- By use-based classification, Infrastructure/Construction Goods (+11.9% YoY), Intermediate Goods (+5.8% YoY), and Consumer Durables (+7.7% YoY) were top contributors, while Primary Goods declined -1.7% YoY and Consumer Non-Durables were nearly flat (+0.5% YoY).
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India’s industrial production rose +1.5% YoY in June 2025, up from +1.2% YoY in May, led by a +3.9% YoY expansion in manufacturing despite sharp declines in mining (-8.7% YoY) and electricity (-2.6% YoY).
- Use-based classification showed strong gains in Infrastructure/Construction Goods (+7.2% YoY), Intermediate Goods (+5.5% YoY), and Capital Goods (+3.5% YoY).
- Primary Goods output declined -3.0% YoY and Consumer Non-Durables fell -0.4% YoY, while Consumer Durables rose +2.9% YoY.
- “Basic metals” manufacturing rose +9.6% YoY, with key gains in MS slabs, HR coils/sheets, and steel pipes/tubes.
- Petroleum product manufacturing rose +4.2% YoY, driven by diesel, petrol, and naphtha output.
- Fabricated metal products jumped +15.2% YoY, supported by steel frameworks, forged blanks, and stainless steel utensils.
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India’s industrial production rose 1.2% YoY in May, slowing from 2.6% YoY in April, as growth in manufacturing (+2.6% YoY) was offset by contractions in electricity (-5.8% YoY) and mining (-0.1% YoY).
- Capital goods production surged +14.1% YoY, followed by infrastructure/construction goods at +6.3% YoY and intermediate goods at +3.5% YoY.
- Consumer durables production declined -0.7% YoY, and consumer non-durables production fell -2.4% YoY. Primary goods output shrank -1.9% YoY.
- Key industry contributors included basic metals (+6.4% YoY), machinery and equipment (+11.8%), and non-metallic mineral products (+6.9%).
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India’s industrial production increased 2.7% YoY (vs 1.0% YoY expected) in April, slowing slightly from 3.9% YoY in March, as manufacturing output rose 3.4% YoY while mining activity contracted and electricity growth moderated.
- Manufacturing was led by machinery (+17.0% YoY), motor vehicles (+15.4% YoY), and electrical equipment (+15.2% YoY).
- Mining output declined -0.2% YoY, while electricity generation rose 1.1% YoY.
- By use-based classification: capital goods surged +20.3% YoY, while consumer durables rose +6.4% YoY; consumer non-durables declined -1.7% YoY.
- Primary goods and intermediate goods saw marginal declines/gains at -0.4% and +4.1% YoY, respectively.
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India’s industrial production increased 3.0% YoY in March, up from 2.7% YoY in February but slightly below expectations of 3.3% YoY.
- Manufacturing production was also 3.0% YoY, up from 2.8% YoY previously.
- Mining production increased 0.4% YoY, and electricity production was up 6.3% YoY.
- By type of good, construction goods and consumer durables production rates were up the most, up 8.8% YoY and 6.6% YoY respectively.
- Consumer non-durables production saw the only decline at -4.7% YoY due to weak food production.
- Basic metal production, India’s largest production industry, was up 6.9% YoY. Food production saw one of the largest declines, down -8.0% YoY.
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India’s industrial production slowed to 2.9% YoY in February, down from 5.2% YoY in January and below expectations of a 4.0% YoY increase.
- Manufacturing production was up 2.9% YoY, down from 5.8% YoY, and mining production was 1.6% YoY, down from 4.4% YoY.
- The largest declines were in paper & paper products (-9.1% YoY), printing & recorded media production (-8.6% YoY), other manufacturing (-6.2% YoY), and food products (-6.1% YoY).
- The highest weighted industry, basic metals manufacturing, was up 5.8% YoY, offsetting weakness elsewhere.
- Electronics (+10.6% MoM) and electrical equipment (+9.3% MoM) were the two strongest industries in February.
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India’s industrial production increased 5.0% YoY in January, up from 3.5% YoY in December and above expectations of a 3.5% YoY gain.
- Manufacturing production was up a strong 5.5% YoY as the index increased to the highest in over two years.
- Mining production was up 4.4% YoY, and electricity production increased 2.4% YoY.
- The manufacturing industries with the largest growth were transport equipment (+20.4% YoY), furniture (+16.5% YoY), and tobacco (+16.0% YoY).
- The heaviest weighted industries also saw strong increases: coke and refined petroleum (+8.5% YoY) and basic metals (+6.3% YoY).
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India industrial production was up 3.2% YoY in December, down from 5.0% YoY in November and below expectations of a 3.9% YoY annual increase.
- Manufacturing production was up 3.0% YoY, down from 5.5% YoY previously
- Mining (+2.6% YoY) and electricity (+6.2% YoY) both saw accelerations in their annual rates in December vs November.
- Electrical equipment manufacturing is up a sharp 40.1% YoY and in the fiscal YTD period (Apr-Dec) is up 24.8% YoY.
- The industry with the largest weight, basic metals manufacturing, is up 6.7% YoY.
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India’s industrial production was up 5.2% YoY in November, accelerating from 3.7% YoY in October and above expectations of 4.0% YoY growth. Manufacturing production was at a strong 5.8% YoY, the highest since October 2023. Mining production also saw an acceleration in growth, up to 1.9% YoY from 0.9% YoY previously.

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