India’s industrial output growth rises Y-o-Y to 4% in September

28 Oct 2025 Evaluate

India’s industrial output growth, measured in terms of the Index of Industrial Production (IIP), grew 4 per cent (Year-on-Year) in September 2025 due to the good performance of the manufacturing sector. The factory output had expanded by 3.2 per cent in September 2024. The Quick Estimates of IIP stood at 152.8 for September 2025 against 146.9 in September 2024. The National Statistics Office (NSO) revised the industrial production growth for August 2025 to 4.1 per cent from the provisional estimate of 4 per cent released last month. During the April-September period (H1) of FY26, the country's industrial production grew by 3 per cent compared to 4.1 per cent in the first half of 2024-25.

Mining production contracted by 0.4 per cent in the September month of this year against a growth of 0.2 per cent recorded a year ago. The manufacturing sector, which comprises the largest component of the index, expanded by 4.8 per cent in September 2025 against 4 per cent in the year-ago month. Electricity rose by 3.1 per cent in September 2025 against 0.5 per cent expansion in the year-ago period. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2025 stood at 111.2, 154.3 and 213.3 respectively.

Within the manufacturing sector, 13 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in September 2025 over September 2024. The top three positive contributors for the month of September 2025 are – ‘Manufacture of basic metals’ (12.3 per cent), ‘Manufacture of electrical equipment’ (28.7 per cent) and ‘Manufacture of motor vehicles, trailers and semi-trailers’ (14.6 per cent).

As per use-based classification, the output of primary goods stood at 1.4 per cent in September 2025 against 1.8 per cent growth a year earlier. The capital goods segment growth surged to 4.7 per cent in September 2025 from 3.5 per cent in the year-ago period. The expansion in the intermediate goods segment rose 5.3 per cent in the month under review against 4.3 per cent a year ago. Output of infrastructure/construction accelerated 10.5 per cent in September 2025, from a 3.5 per cent in the year-ago period. Consumer durables (or white goods production) growth jumped to 10.2 per cent during the reporting month against 6.3 per cent in September 2024. In September 2025, consumer non-durables output contracted to 2.9 per cent as against a growth of 2.2 per cent a year ago.

The indices stood at 143.3 for Primary Goods, 122.0 for Capital Goods, 169.4 for Intermediate Goods and 197.6 for Infrastructure/ Construction Goods for the month of September 2025. Further, the indices for Consumer durables and Consumer non-durables stood at 146.5 and 141.5 respectively.

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