India's Industrial Production Experiences Sharp Slowdown

India's industrial production growth dropped significantly to 0.4% in October 2025, marking a twelve-month low. This decline resulted from underperformance in the power, mining, and manufacturing sectors. During the April-October FY26 period, industrial production grew by only 2.7%, compared to 4% in the previous year.

India's industrial production growth plunged to just 0.4% in October 2025, hitting its lowest point in over a year, as revealed by official data released on Monday. Key sectors such as power, mining, and manufacturing have notably lagged, impacting the overall output figures.

The Index of Industrial Production (IIP) reflected a modest growth of 3.7% in October 2024, further underscoring the recent decline. The National Statistics Office (NSO) also revised September 2025's growth rate upwards to 4.6%, based on the latest evaluations.

Discrepancies among sectors were apparent, with the manufacturing sector growing by only 1.8% compared to last year's 4.4%. The mining production saw a contraction and power output dropped significantly. However, infrastructure and construction goods showed some resilience, expanding by 7.1% in this period.