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India’s industrial output growth slows to 0.4% in October
Dec-01-2025

India’s industrial output growth, measured in terms of the Index of Industrial Production (IIP), grew 0.4 per cent (Year-on-Year) in October 2025. The slow growth in the month could be attributed to less number of working days because of a number of festivals in the month including Dussehra, Dipawali and Chhath. The factory output had expanded by 3.7 per cent in October 2024. The Quick Estimates of IIP stood at 150.9 for October 2025 against 150.3 in October 2024. The National Statistics Office (NSO) revised the industrial production growth for September 2025 to 4.6 per cent from the provisional estimate of 4.0 per cent released in October 2025. During the April-October period of FY26, the country's industrial production grew by 2.7 per cent compared to 4.0 per cent in the same period of 2024-25.

Mining production contracted by 1.8 per cent in the October month of this year against a growth of 0.9 per cent recorded a year ago. The manufacturing sector, which comprises the largest component of the index, rose by 1.8 per cent in October 2025 against 4.4 per cent in the year-ago month. Electricity contracted by 6.9 per cent in October 2025 against 2.0 per cent expansion in the year-ago period. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2025 stood at 126.2, 151.1 and 193.4 respectively.

Within the manufacturing sector, 9 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in October 2025 over October 2024. The top three positive contributors for the month of October 2025 are – ‘Manufacture of basic metals’ (6.6%), ‘Manufacture of coke and refined petroleum products’ (6.2%) and ‘Manufacture of motor vehicles, trailers and semi-trailers’ (5.8%).

As per use-based classification, the output of primary goods contracted to 0.6 per cent in October 2025 against 2.5 per cent growth a year earlier. The capital goods segment growth rose to 2.4 per cent in October 2025 from 2.9 per cent in the year-ago period. The expansion in the intermediate goods segment rose 0.9 per cent in the month under review against 4.8 per cent a year ago. Output of infrastructure/construction accelerated 7.1 per cent in October 2025, from a 4.7 per cent in the year-ago period. Consumer durables (or white goods production) growth contracted to 0.5 per cent during the reporting month against 5.5 per cent growth in October 2024. In October 2025, consumer non-durables output contracted to 4.4 per cent as against a growth of 2.8 per cent a year ago.

The indices stand at 148.9 for Primary Goods, 111.8 for Capital Goods, 166.5 for Intermediate Goods and 197.2 for Infrastructure/ Construction Goods for the month of October 2025. Further, the indices for Consumer durables and Consumer non-durables stand at 129.2 and 139.9 respectively.
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