India’s Industrial Growth Moderates in October
The growth rates of key sectors in October were uneven. Mining contracted by 1.8%, electricity generation fell sharply by 6.9%, while manufacturing showed a positive growth of 1.8%. Extended rainfall and comfortable temperatures across multiple states reduced electricity demand, impacting overall production.
Manufacturing Highlights
Within manufacturing, 9 of 23 NIC 2-digit industry groups posted positive growth compared to October 2024. Leading contributors include:
- Basic Metals: Up 6.6%, driven by HR coils, alloy steel products, and MS slabs.
- Coke & Refined Petroleum: Up 6.2%, with diesel, petrol, and hard coke leading gains.
- Motor Vehicles: Up 5.8%, fueled by passenger cars, commercial vehicles, and auto components.
Use-Based Classification Performance
According to the use-based classification, infrastructure/construction goods grew 7.1%, intermediate goods 0.9%, and capital goods 2.4%. Primary goods contracted by 0.6%, while consumer durables and non-durables fell by 0.5% and 4.4% respectively. The top contributors to IIP growth for October 2025 are infrastructure/construction, intermediate, and capital goods.
Monthly IIP Trends
The Quick Estimates for October 2025 were compiled at an 87.99% weighted response rate. September 2025 figures underwent final revision at a 92.81% response rate. The general index stands at 150.9, compared to 150.3 in October 2024, reflecting the moderate growth.
Outlook
The Ministry of Statistics & Programme Implementation (MoSPI) will release the November 2025 IIP figures on 29th December 2025.