HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
Industrial output grows to eight-month high of 5.0% in January
Mar-12-2025

India's industrial output, measured by the Index of Industrial Production (IIP) grew to eight-month high of 5.0 per cent in January 2025 mainly due to good performance of the manufacturing sector. The government also revised upward industrial growth figure to 3.5 per cent for December 2024 from the provisional estimate of 3.2 per cent released in the previous month. The factory output rose by 4.2 per cent in January 2024. In April-January period, the IIP grew 4.2 per cent, down from 6 per cent recorded in the year-ago period. 

The manufacturing sector's output grew 5.5 per cent in January as against 3.6 per cent in the year-ago period. Mining production grew just 4.4 per cent when compared to 6 per cent in January 2024 and power output increased only 2.4 per cent in the said month. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2025 stand at 150.7, 159.1 and 201.9 respectively. Within the manufacturing sector, 19 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in January 2025 over January 2024. The top three positive contributors for the month of January 2025 are - ‘Manufacture of basic metals’ (6.3 per cent), ‘Manufacture of coke and refined petroleum products’ (8.5 per cent) and ‘Manufacture of electrical equipment’ (21.7 per cent).

As per the use base classification, primary goods expanded 5.5 per cent up from 3.8 per cent Month-on-Month (M-o-M), while capital goods growth moderated to 7.8 per cent from 10.4 per cent in December. Intermediate goods posted growth of 5.2 per cent, lower than 6.4 per cent in the previous month. Infrastructure goods posted 7 per cent growth, slightly lower than 7.4 per cent M-o-M. Consumer durables output stood at 7.2 per cent, down from 8.3 per cent in the previous month. Meanwhile, consumer non-durables contracted to 0.2 per cent, though it was a significant improvement from December’s steep 7.5 per cent decline. The indices stand at 162.8 for Primary Goods, 116.8 for Capital Goods, 172.3 for Intermediate Goods and 199.6 for Infrastructure/Construction Goods for the month of January 2025. Further, the indices for Consumer durables and Consumer non-durables stand at 130.2 and 164.5 respectively. 


  RELATED NEWS >>