India’s industrial output slows to 0.4% in October 2025

NEW DELHI: India’s Index of Industrial Production (IIP) slumped to 0.4 per cent in October 2025, marking a slowdown from 4.0 per cent in September, according to data released by the Ministry of Statistics and Programme Implementation.

The moderation in output was largely due to fewer working days during the month, as several major festivals such as Dussehra, Diwali, and Chhath fell in October. The index for November 2025 will be released on December 29.

The Quick Estimate of IIP stood at 150.9 in October 2025, compared to 150.3 in the same month last year. The three key sectors, Mining, Manufacturing, and Electricity, showed mixed trends. Mining recorded a dip of 1.8 per cent, while Manufacturing expanded by 1.8 per cent, and Electricity output dropped sharply by 6.9 per cent. The ministry noted that the fall in electricity generation was due to an extended monsoon season and cooler temperatures, which reduced demand across several states and union territories.

India’s Index of industrial production records growth of 0.4% in October 2025

Quick Estimate of Index of Industrial Production and Use-Based Index for the Month of October 2025 (Base 2011-12=100)

The growth rates of the three sectors, Mining, Manufacturing and Electricity for… pic.twitter.com/TLWhwp82xH

— PIB India (@PIB_India) December 1, 2025

Within the manufacturing sector, only 9 out of 23 industry groups reported growth compared to the previous year. The top-performing segments were basic metals (6.6 per cent), coke and refined petroleum products (6.2 per cent), and motor vehicles, trailers, and semi-trailers (5.8 per cent). Growth in these categories was supported by strong production of items such as HR coils and sheets of mild steel, petrol and diesel, and auto components.

Based on use, the indices stood at 148.9 for Primary Goods, 111.8 for Capital Goods, 166.5 for Intermediate Goods, and 197.2 for Infrastructure/Construction Goods. Consumer durables and non-durables were at 129.2 and 139.9, respectively. The corresponding growth rates showed slumps in primary goods of 0.6 per cent and consumer non-durables of 4.4 per cent, while infrastructure/construction goods grew by 7.1 per cent, emerging as the strongest category.

Commenting on the data, Rajeev Juneja, President of the PHD Chamber of Commerce and Industry (PHDCCI), said that the slower growth of 0.4 per cent in October 2025 compared to 3.7 per cent a year earlier was driven by the decline in mining and electricity. He added that while manufacturing remained positive, growth had softened as fewer industry groups reported expansion.

Ranjeet Mehta, Secretary General and CEO of PHDCCI, expressed optimism about the future. He said that ongoing government initiatives, such as the Production Linked Incentive (PLI) Scheme for White Goods, the Export Promotion Mission, and bilateral cooperation with countries including the UAE, Canada, Israel, and New Zealand, would help boost industrial output in the coming months. These measures, he said, could strengthen manufacturing, enhance investment, and improve export competitiveness. (ANI)