India’s industrial growth slows down to 6.7% in September as manufacturing eases, mining contracts

The Ministry of Statistics and Programme Implementation (MoSPI) in its quick estimates has shown that industrial growth, measured in Index of Industrial Production (IIP), slowed down to 6.7% for the month of September 2026 from a revised growth of 7.8% in August 2026 as manufacturing growth eased and mining contracted sharply. The growth was 6.1% in September 2025. The Quick Estimate of IIP stands at 124.3 against 116.5 in September 2025. Besides, IIP growth for April-September period of 2026-27 stood at 6.8%, up from 4.4% in April-September period of 2025-26. Meanwhile, the IIP data for August 2026 has been revised to 7.8% from 8.0% estimated in previous month.

As per the data, Mining & Quarrying showed contraction of 6.2% in September 2026 as against a contraction of 4.6% in August 2026, while the growth was 15.7% in September 2025. Manufacturing growth eased to 7.6% in September 2026 from 8.6% in August 2026, while it was 5.5% in September 2025. Electricity & Gas Supply growth came down to 11.2% in September 2026 from 12.3% in August 2026, while it was 3.3% in September 2025. Water Supply, Sewerage & Waste Management growth fell to 5.8% in September 2026 from 6.3% in August 2026, while it was 6.2% in September 2025. The indices of Industrial Production for Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of September 2026 stand at 90.4, 128.0, 128.6 and 146.4 respectively.

Within the Manufacturing sector, 17 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in September 2026 over September 2025. The top three positive contributors for the month of September 2026 are - 'Manufacture of motor vehicles, trailers and semi-trailers' (19.0%), 'Manufacture of electrical equipment' (33.9 %), and 'Manufacture of rubber and plastics products' (19.9%).

As per the Use-Based Classification, the indices stood at 111.6 for Primary Goods, 153.4 for Capital Goods, 131.7 for Intermediate Goods and 133.0 for Infrastructure/ Construction Goods for the month of September 2026. Further, the indices for Consumer durables and Consumer non-durables stand at 133.1 and 111.8 respectively. The corresponding growth rates of IIP as per Use-Based Classification in September 2026 over September 2025 are 4.0% in Primary Goods, 10.4% in Capital Goods, 12.2% in Intermediate Goods, 7.2% in Infrastructure/ Construction Goods, 6.0% in Consumer durables and 1.4% in Consumer non-durables. Based on Use-Based Classification, top three positive contributors to the growth of IIP for the month of September 2026 are Intermediate Goods, Primary Goods and Capital Goods.