India's Index of Industrial Production records growth of 5.0% in January 2025

The Quick Estimates of the Index of Industrial Production (IIP) for January 2025 indicate a growth rate of 5.0%, an increase from 3.2% in December 2024. Sector-wise, Mining grew by 4.4%, Manufacturing by 5.5%, and Electricity by 2.4%. The IIP index stands at 161.3, compared to 153.6 in January 2024. Within Manufacturing, 19 out of 23 industry groups at the National Industrial Classification (NIC) two-digit level showed positive growth, with notable contributions from "Manufacture of basic metals" (6.3%), "Manufacture of coke and refined petroleum products" (8.5%), and "Manufacture of electrical equipment" (21.7%). Significant growth was observed in key products such as alloy steel flat products, steel pipes, diesel, petrol, transformers, and electric heaters.   

As per use-based classification, indices for January 2025 stand at 162.8 for Primary Goods, 116.8 for Capital Goods, 172.3 for Intermediate Goods, and 199.6 for Infrastructure/Construction Goods. Consumer Durables and Consumer Non-Durables indices are at 130.2 and 164.5, respectively. The IIP growth rates compared to January 2024 are 5.5% for Primary Goods, 7.8% for Capital Goods, 5.2% for Intermediate Goods, 7.0% for Infrastructure/Construction Goods, 7.2% for Consumer Durables, and -0.2% for Consumer Non-Durables. The January 2025 estimates have been compiled with a weighted response rate of 90%. December 2024 and October 2024 indices were revised at 94% and 96% response rates, respectively. The IIP for February 2025 is scheduled for release on April 11, 2025. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.