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).