Data Alert
India IIP growth falls to 10-month low of 1.5% in Jun
This story was originally published at 17:22 IST on 28 July 2025
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--India Jun IIP growth 1.5% vs 4.9% year ago
--Informist poll estimated Jun IIP growth at 2.0%
--India Apr-Jun IIP growth 2.0% vs 5.4% year ago
--India Jun mining sector growth -8.7% vs 10.3% year ago
--India Jun manufacturing sector growth 3.9% vs 3.5% year ago
--India Jun electricity sector growth -2.6% vs 8.6% year ago
--India Jun primary goods output growth -3.0% vs 6.3% year ago
--India Jun capital goods output growth 3.5% vs 3.6% year ago
--India Jun intermediate goods output growth 5.5% vs 3.2% year ago
--India Jun infrastructure goods output growth 7.2% vs 8.2% year ago
--India Jun consumer durables output growth 2.9% vs 8.8% year ago
--India Jun consumer non-durables output growth -0.4% vs -1.0% year ago
--India Jun industrial growth of 1.5% lowest in 10 months
NEW DELHI – Growth in India's industrial production fell to a 10-month low of 1.5% in June, data released Monday by the statistics ministry showed. Industrial output growth moderated last month because of a decline in mining and electricity output, data showed.
At 1.5%, the June IIP growth print was below expectations. Economists polled by Informist had estimated growth in industrial output at 2.0% in June. Industrial output, as measured by the Index of Industrial Production, had risen 4.9% in June 2024. The May print was revised higher to 1.9% from 1.2% originally.
The mining sector's output fell 8.7% on year in June, the worst performance since July 2020, and electricity sector output contracted 2.6%. Output for the two sectors declined likely because of rains throughout the country in June, economists said. In May, mining sector output fell 0.1% and electricity production was down 4.7%.
Growth in the output of the manufacturing sector, which has the biggest weightage in the IIP, rose in June. Manufacturing production rose 3.9% on year last month compared with 3.2% growth in May.
Within the use-based classification, production of primary goods and consumer non-durable goods fell on year in June. Primary goods output contracted 3.0% on year last month, the worst performance since February 2021. Production of consumer non-durables fell 0.4% on year in June but the the pace of decline was slower than 1.0% in May. Output of intermediate goods, infrastructure goods, and consumer durables grew at a quicker pace in June compared with May.
Industrial output has grown 2.0% in the first three months of the current financial year, sharply lower than the 5.4% growth in Apr-Jun 2024. The 2.0% growth in industrial ouput growth in Apr-Jun is the slowest in 11 quarters.
ICRA Chief Economist Aditi Nayar said excess rains in the June quarter dampened electricity generation and mining output. "Besides, the growth in manufacturing volumes slowed somewhat between these quarters. Given this, and the slower, albeit healthy, growth in construction-related volume indicators such cement output and finished steel consumption, ICRA expects the industrial GVA (gross value added) growth to decelerate in Q1 FY26 (Apr-Jun) from 6.5% uptick seen in Q4 FY25 (Jan-Mar)," Nayar said in a note.
The following tables detail year-on-year changes in industrial output in June:
| June 2025 |
May 2025 |
June 2024 |
|
| General | 1.5% | 1.9% | 4.9% |
| Mining | (-)8.7% | (-)0.1% | 10.3% |
| Manufacturing | 3.9% | 3.2% | 3.5% |
| Electricity | (-)2.6% | (-)4.7% | 8.6% |
| Primary goods | (-)3.0% | (-)1.4% | 6.3% |
| Capital goods | 3.5% | 13.3% | 3.6% |
| Intermediate goods | 5.5% | 4.7% | 3.2% |
| Infrastructure/construction goods | 7.2% | 6.7% | 8.2% |
| Consumer durables | 2.9% | (-)0.9% | 8.8% |
| Consumer non-durables | (-)0.4% | (-)1.0% | (-)1.0% |
| Mining | Electricity | Manufacturing | General | |||||
| FY26 | FY25 | FY26 | FY25 | FY26 | FY25 | FY26 | FY25 | |
| April | (-)0.2% | 6.8% | 1.7% | 10.2% | 3.1% | 4.2% | 2.6% | 5.2% |
| May | (-)0.1% | 6.6% | (-)4.7% | 13.7% | 3.2% | 5.1% | 1.9% | 6.3% |
| June | (-)8.7% | 10.3% | (-)2.6% | 8.6% | 3.9% | 3.5% | 1.5% | 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% | 4.1% | 5.2% | 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% |
Source: Ministry of Statistics and Programme Implementation
End
Reported by Shubham Rana
Edited by Tanima Banerjee
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