India’s industrial production index records an increase of 5.0 pcs in January

According to the quick estimates released by the Index of Industrial Production (IIP), a measure of industrial production, a measure of industrial production, the Ministry of Statistics and Program Implementation on Wednesday, an increase of 5.0 percent compared to the same month last year.

This growth marks sharp acceleration from the 3.2 percent increase in December 2024 as per the quick estimates released by the Ministry data.

The data reveals positive performances in the major sectors of the economy, which has observed mining, manufacturing, and increase in electricity. The IIP for January 2025 is at 161.3, from 153.6 in January 2024, reflects widespread-based recovery in industrial activity.

The mining sector recorded an increase of 4.4 percent in January 2025, which continued its positive speed.

Manufacturing saw an impressive growth of 5.5 percent in January 2025, inspired by strong performances in many major industry groups.

The power sector increased at a higher speed of 2.4 percent, yet made a positive contribution to overall industrial development.

Within the manufacturing sector, 19 out of 23 industry groups at the NIC 2-level showed positive growth in January 2025. Notable contributors for development include basic metal construction, which contributes up to 6.3 percent with a significant contribution from alloy steel, pipe and flat products of tubes of steel, pipes and steel and other metals.

The manufacture of coke and refined petroleum products recorded an increase of 8.5 percent, which is largely powered by items such as diesel, petrol/motor spirit and liquidized petroleum gas (LPG).

The construction of the electrical equipment segment saw a sufficient increase of 21.7 percent, with transformers (small), the connector for optical fiber and cable, and the electric heater.

According to the data, in January 2025, primary driver of industrial development was primary goods, infrastructure/construction goods and intermediate goods, all of which saw a sufficient growth rate.