Informist Poll
June IIP growth seen rising on better core sector performance
This story was originally published at 15:50 IST on 25 July 2025
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By Shubham Rana
NEW DELHI – Growth in India's industrial production likely improved in June on the back of a rise in the eight core industries, which account for over 40% of the total weight of the Index of Industrial Production. According to 10 economists polled by Informist, industrial output is seen rising 2.0% year-on-year in June from a nine-month low of 1.2% in May.
Industrial production had increased 4.9% in June 2024. The statistics ministry will release the IIP data for June at 1600 IST on Monday.
Growth in output of India's eight core industries rose to a three-month high of 1.7% in June because of an improvement in the performance of refinery products and the steel sector, data released on Jul. 21 by the commerce ministry showed. Along with core sector, other high-frequency indicators such as e-way bills generation and purchasing managers' index pointed to a pick-up in the pace of factory output last month.
The manufacturing Purchasing Managers' Index rose to a 14-month high of 58.4 in June from 57.6 in May. The number of e-way bills generated rose 19.3% year-on-year in June, higher than 18.9% in May. Vehicle production, however, slowed down in June. It rose just 1.2% on year in June compared with 5.2% rise in May.
At 2.0% growth, the overall index in June is likely to have declined 1.6% from May. Factory output had risen 3.2% on month in May.
Manufacturing sector is expected to lead the rise in IIP growth in June but growth in the mining sector is seen falling, analysts at Nirmal Bang Institutional Equities said. "IIP growth and consequently GDP growth may remain sluggish at 6.5% or below in Apr-Jun."
Following is the summary of the poll on IIP growth in June:
| ORGANISATION | IIP GROWTH ESTIMATE |
| India Ratings and Research | 1.5% |
| HDFC Bank | 1.7% |
| CareEdge Ratings | 1.7% |
| ANZ Bank India | 1.8% |
| ICRA | 2.0% |
| Nirmal Bang Institutional Equities | 2.0% |
| Sunidhi Securities | 2.1% |
| YES Bank | 2.2% |
| ICICI Bank | 2.9% |
| STCI Primary Dealer | 4.1% |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Ashish Shirke
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