FCC

India’s Industrial Output Rises 3% in March 2025

2025-04-29

India’s Index of Industrial Production (IIP) recorded a 3% year-on-year growth in March 2025, according to the Quick Estimates released by the Ministry of Statistics and Programme Implementation (MOSPI). The overall index stood at 164.8, up from 160.0 in March 2024.

Among the key sectors, electricity registered the highest growth at 6.3%, followed by manufacturing at 3.0%, and mining at 0.4%. Within manufacturing, 13 out of 23 industry groups showed positive growth. Top contributors included the manufacture of basic metals (6.9%), motor vehicles, trailers and semi-trailers (10.3%), and electrical equipment (15.7%).

Key items driving growth in these segments were alloy steel flat products, steel pipes and rods, auto components, axles, truck bodies, electric heaters, small transformers, and optical fibre connectors.

Use-based classification showed strong momentum in infrastructure and construction goods, which grew by 8.8%, supported by gains in primary goods (3.1%) and consumer durables (6.6%). However, consumer non-durables witnessed a contraction of 4.7%.

For the full financial year 2024-25, industrial production grew 4.0%, compared to 5.9% in 2023-24, indicating a modest slowdown in momentum despite consistent expansion. The next IIP release for April 2025 is scheduled for May 28, 2025.