India’s industrial production rose +4.0% YoY in August 2025 (vs +5.0% YoY), down from +4.3% YoY in July, with strong mining growth offset by mixed momentum across manufacturing and consumption goods.

• Manufacturing production was up 3.8% YoY in August, decelerating from 6.0% YoY in July but up from 1.2% YoY in Agust 2024.

• Mining production flipped from a decline of -7.2% YoY in July to an increase of 6.0% YoY in August.

• Electricity production advanced 4.1% YoY in August, up from 3.7% YoY in July. 

• Within manufacturing, basic metals surged +12.2% YoY, supported by MS slabs, HR coils/sheets, and steel pipes/tubes.

• Motor vehicles, trailers, and semi-trailers production rose +9.8% YoY, driven by auto parts, axles, and commercial vehicles.

• Coke and refined petroleum products rose +5.4% YoY, with diesel, petrol, and LPG contributing significantly.

• By use-based classification, infrastructure/construction goods rose +10.6% YoY, the strongest performing category, followed by primary goods (+5.2%) and intermediate goods (+5.0%).

• Capital goods output increased +4.4% YoY, while consumer durables grew +3.5% YoY but consumer non-durables fell sharply (-6.3% YoY), showing divergence in demand patterns.