The Ministry of Statistics and Programme Implementation (MoSPI) in its quick estimates has shown that industrial growth fell to 6.7 percent in the month of July 2026 (Base 2022-23=100) from a revised growth of 8.8 percent in June 2026 amid contraction in mining activity and slowdown in manufacturing growth. The growth was 5.4 percent in July 2025. The Quick Estimate of Index of Industrial Production (IIP) stood at 124.8 in July 2026 against 117.0 in July 2025. Besides, IIP growth for April-July period of 2026 stood at 6.3 percent, up from 4.0 percent in April-July period of 2025. Meanwhile, the IIP data for June 2026 has been revised to 8.8 percent from 7.3 percent estimated in previous month.
As per the data, the Mining & Quarrying showed contraction of 0.9 percent in July 2026 from a growth rate of 1.6 percent in June 2026, while it was 10.7 growth percent in July 2025. Manufacturing growth fell to 7.3 percent in July 2026 from 9.5 in June 2026, while it was 5.1 percent in July 2025. Electricity & Gas Supply declined to 8.7 percent in July 2026 from 11.3 in June 2026, while it was 2.4 percent in July 2025. However, Water Supply, Sewerage & Waste Management growth rose to 7.4 percent in July 2026 from 6.1 in June 2026, while it was 7.5 percent in July 2025. The indices of Industrial Production for Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of July 2026 stood at 94.4, 127.4, 133.5 and 148.4 respectively.
Within the Manufacturing sector, 19 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in July 2026 over July 2025. The top three positive contributors for the month of July 2026 are - “Manufacture of motor vehicles, trailers and semi-trailers” (22.2%), “Manufacture of electrical equipment” (28.3%), and “Manufacture of machinery and equipment n.e.c.” (12.1%).
As per the Use-Based Classification, the indices stood at 115.9 for Primary Goods, 141.8 for Capital Goods, 130.9 for Intermediate Goods and 136.2 for Infrastructure/ Construction Goods for the month of July 2026. Further, the indices for Consumer durables and Consumer non-durables stood at 129.9 and 113.7 respectively. The corresponding growth rates of IIP as per Use-Based Classification in July 2026 over July 2025 are 4.1 percent in Primary Goods, 16.1 percent in Capital Goods, 10.0 percent in Intermediate Goods, 6.9 percent in Infrastructure/ Construction Goods, 10.5 percent in Consumer durables and (-)1.0 percent in Consumer non-durables. Based on Use-Based Classification, top three positive contributors to the growth of IIP for the month of July 2026 are Intermediate Goods, Capital Goods and Primary goods.
