The Index of Industrial Production (IIP) in India saw a 4.8% year-on-year growth in January, driven by a 4.8% rise in the manufacturing sector and a 5.1% increase in the electricity sector, as per the Ministry of Statistics and Programme Implementation. The Quick Estimates of IIP reached 169.4 compared to 161.6 in January 2025.
In January 2026, the Indices of Industrial Production for mining, manufacturing, and electricity were at 157.2, 167.2, and 212.1, respectively. Among the manufacturing sector, 14 out of 23 industry groups at “NIC 2” level experienced positive growth in January 2026 over the same period in 2025.
Noteworthy contributors to the manufacturing sector’s growth in January 2026 were “Manufacture of basic metals” (13.2%), “Manufacture of motor vehicles, trailers and semi-trailers” (10.9%), and “Manufacture of other non-metallic mineral products” (9.9%). The use base classification revealed indices of 167.9 for Primary Goods, 124.4 for Capital Goods, 182.8 for Intermediate Goods, and 227.7 for Infrastructure/Construction Goods in January 2026.
Consumer durables and Consumer non-durables indices stood at 138.2 and 160.7, respectively. In December 2025, India’s industrial production surged by 7.8%, marking the highest level in over 2 years, propelled by robust growth in manufacturing, mining, and electricity sectors. This growth follows a 7.2% acceleration in November 2025, making it the second consecutive month of strong year-on-year growth in the country’s IIP.
