More Stories

Informist, Thursday, Aug. 28, 2025

 

Please click here to read all liners published on this story

--India Jul IIP growth 3.5% vs 5.0% year ago 
--Informist poll estimated Jul IIP growth at 2.0% 
--India Apr-Jul IIP growth 2.3% vs 5.4% year ago
--India Jul mining sector output growth -7.2% vs 3.8% year ago
--India Jul manufacturing sector output growth 5.4% vs 4.7% year ago
--India Jul electricity sector output growth 0.6% vs 7.9% year ago
--India Jul primary goods output growth -1.7% vs 5.9% year ago
--India Jul capital goods output growth 5.0% vs 11.7% year ago
--India Jul intermediate goods output growth 5.8% vs 7.0% year ago
--India Jul infrastructure goods output growth 11.9% vs 5.5% year ago
--India Jul consumer durables output growth 7.7% vs 8.2% year ago
--India Jul consumer non-durables output growth 0.5% vs -4.2% year ago

 

NEW DELHI – Industrial production in India picked up in July because of an improvement in the performance of the manufacturing sector. Data released Thursday by the statistics ministry showed that growth in Index of Industrial Production was at a four-month high of 3.5% in July from a 10-month low of 1.5% in June.

 

At 3.5%, the July IIP growth print was above expectations. Economists polled by Informist had estimated growth in industrial output at 2.0% in July. Industrial output, as measured by the Index of Industrial Production, had risen 5.0% in July 2024.

 

The output of the manufacturing sector, which has the biggest weightage in the IIP, rose at a six-month-high pace of 5.4% in July as against 3.7% in June. The mining and electricity sectors continued to underperform the headline IIP print, with production and demand hit by monsoon rains across the country. 

 

The mining sector's output contracted on year for the fourth consecutive month in July. It fell 7.2% on year in July compared to a fall of 8.7% in June, which was the sector's worst performance since July 2020.

 

The output of the electricity sector rose on year in July after declining for two consecutive months. Output rose 0.6% on year in July compared to a 1.2?ll in June.

 

Within the use-based classification, all six categories performed better in July compared with the previous month, led by infrastructure and consumer durables output growth. Production of infrastructure goods rose 11.9% on year, the fastest rate of growth since October 2023. The sector's output had risen 6.7% in June. 

 

"It can be said that the IIP numbers for July are encouraging as it shows that investment is picking up not just in the government space but also private sector," Bank of Baroda Chief Economist Madan Sabnavis said in a note. "Power production, however, is an issue which also gets reflected in the mining data which was negative." 

 

Consumer durables output rose at a seven-month-high pace of 7.7% last month and intermediate goods production rose 5.8% on year, also a seven-month-high pace of growth. Primary goods was the only category in the used-based classification where production fell from a year ago. It fell 1.7% on year in July against a decline of 2.5% in June. 

 

"To a limited extent the focus on expediting export orders has helped to push up production in some segments like readymade garments," Sabnavis said. It needs to be seen if this is maintained post September when the tariff effect would tend to become more prominent."

 

Industrial output rose 2.3% in the first four months of the current financial year, sharply lower than the 5.4% growth in Apr-Jul of 2024. Sabnavis said IIP growth is likely to rise in the coming months, starting September, when growth may be higher than 5%.

 

The following tables detail year-on-year changes in industrial output in July:

 

	July 2025	June 2025	July 2024
General	3.5%	1.5%	5.0%
Mining	(-)7.2%	(-)8.7%	3.8%
Manufacturing	5.4%	3.7%	4.7%
Electricity	0.6%	(-)1.2%	7.9%
Primary goods	(-)1.7%	(-)2.5%	5.9%
Capital goods	5.0%	3.0%	11.7%
Intermediate goods	5.8%	5.5%	7.0%
Infrastructure/construction goods	11.9%	6.7%	5.5%
Consumer durables	7.7%	2.8%	8.2%
Consumer non-durables	0.5%	(-)0.9%	(-)4.2%

 

	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%	(-)1.2%	8.6%	3.7%	3.5%	1.5%	4.9%
July	(-)7.2%	3.8%	0.6%	7.9%	5.4%	4.7%	3.5%	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%

 

 

End

 

Reported by Shubham Rana

Edited by Tanima Banerjee

 

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.