Data Alert
Apr IIP growth falls to 2.7% on weaker mining, electricity output
This story was originally published at 17:25 IST on 28 May 2025
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--India Apr IIP growth 2.7% vs 5.2% year ago
--Informist poll estimated Apr IIP growth at 1.0%
--India Mar IIP growth revised to 3.9% vs 3.0% provisional
--India Apr mining sector growth -0.2% vs 6.8% year ago
--India Apr manufacturing sector growth 3.4% vs 4.2% year ago
--India Apr electricity sector growth 1.1% vs 10.2% year ago
--India Apr primary goods output growth -0.4% vs 7.0% year ago
--India Apr capital goods output growth 20.3% vs 2.8% year ago
--India Apr intermediate goods output growth 4.1% vs 3.8% year ago
--India Apr infrastructure goods output growth 4.0% vs 8.5% year ago
--India Apr consumer durables output growth 6.4% vs 10.5% year ago
--India Apr consumer non-durables output growth -1.7% vs -2.5% year ago
NEW DELHI – Growth in India's industrial production fell to 2.7% in April, the joint-lowest in eight months, because of weaker performance in mining and electricity sectors, data released by the statistics ministry Wednesday showed. IIP growth was 2.7% in February as well. The last time IIP growth was lower than 2.7% was in August.
Industrial output, as measured by the Index of Industrial Production, had risen by 5.2% in April 2024, while the March print was revised higher to 3.9% from 3.0% originally.
At 2.7%, the April IIP growth print was well above expectations. Economists polled by Informist had estimated growth in industrial output at 1.0% in April. Sequentially, industrial output fell 8.6% from March, the biggest on-month decline in three years.
Mining sector output contracted 0.2% on year in April, the first year-on-year fall in eight months. Mining sector production had grown 1.2% in March.
Electricity production rose just 1.1% in April, the worst performance since September and sharply lower than the 7.5% growth seen in March. Growth in the output of manufacturing sector, which has the biggest weightage in the index, also moderated in April to 3.4% from 4.0% in March.
Within the use-based classification, production of primary goods and consumer non-durable goods fell on year in April. Primary goods output was down 0.4% on year last month, the first contraction in eight months and lower than March's growth of 3.9%. While prodcution of consumer non-durables contracted for the third consecutive month in April, the 1.7% fall was lower compared with 4.0% on year decline in March.
Notably, capital goods output jumped 20.3% on year in April, the highest growth in 18 months. This sharp rise was mainly driven by the statistical effect of a low base, while output fell 16.1% month-on-month.
IIP data for May will be released on Jun. 30, after the statistics ministry brought forward the publication of the data to reduce the time lag to four weeks from six. The April data on Wednesday, which was scheduled to be released at 1600 IST, was delayed by around 30 minutes because of server-related technical issues at the statistics ministry.
The following tables detail year-on-year changes in industrial output in April:
| April 2025 | March 2025 | April 2024 | |
| General | 2.7% | 3.9% | 5.2% |
| Mining | (-)0.2% | 1.2% | 6.8% |
| Manufacturing | 3.4% | 4.0% | 4.2% |
| Electricity | 1.1% | 7.5% | 10.2% |
| Primary goods | (-)0.4% | 3.9% | 7.0% |
| Capital goods | 20.3% | 3.6% | 2.8% |
| Intermediate goods | 4.1% | 3.8% | 3.8% |
| Infrastructure/construction goods | 4.0% | 9.9% | 8.5% |
| Consumer durables | 6.4% | 6.9% | 10.5% |
| Consumer non-durables | (-)1.7% | (-)4.0% | (-)2.5% |
| Mining | Electricity | Manufacturing | General | |||||
| FY26 | FY25 | FY26 | FY25 | FY26 | FY25 | FY26 | FY25 | |
| April | (-)0.2% | 6.8% | 1.1% | 10.2% | 3.4% | 4.2% | 2.7% | 5.2% |
| May | 6.6% | 13.7% | 5.1% | 6.3% | ||||
| June | 10.3% | 8.6% | 3.5% | 4.9% | ||||
| July | 3.8% | 7.9% | 4.7% | 5.0% | ||||
| August | (-)4.3% | (-)3.7% | 1.2% | 0.0% | ||||
| September | 0.2% | 0.5% | 4.0% | 3.2% | ||||
| October | 0.9% | 2.0% | 4.4% | 3.7% | ||||
| November | 1.9% | 4.4% | 5.5% | 5.0% | ||||
| December | 2.7% | 6.2% | 3.7% | 3.7% | ||||
| January | 4.4% | 2.4% | 5.8% | 5.2% | ||||
| February | 1.6% | 3.6% | 2.8% | 2.7% | ||||
| March | 1.2% | 7.5% | 4.0% | 3.9% | ||||
| Mining | Manufacturing | Electricity | General | |
| FY25 | 3.0% | 3.9% | 5.1% | 4.0% |
| FY24 | 7.5% | 5.5% | 7.1% | 5.9% |
| FY23 | 5.8% | 4.7% | 8.9% | 5.2% |
| FY22 | 12.2% | 11.8% | 7.9% | 11.4% |
| FY21 | (-)7.8% | (-)9.6% | (-)0.5% | (-)8.4% |
| FY20 | 1.6% | (-)1.4% | 1.0% | (-)0.8% |
| FY19 | 2.9% | 3.9% | 5.2% | 3.8% |
| FY18 | 2.3% | 4.6% | 5.4% | 4.4% |
| FY17 | 5.3% | 4.4% | 5.8% | 4.6% |
| FY16 | 4.3% | 2.8% | 5.7% | 3.3% |
| FY15 | (-)1.4% | 3.8% | 14.8% | 4.0% |
| FY14 | (-)0.1% | 3.6% | 6.1% | 3.3% |
| FY13 | (-)5.3% | 4.8% | 4.0% | 3.3% |
End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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