India's Industrial Production Growth Hits Three-Month Low: What You Need to Know

Industrial Production Growth Declines

New Delhi: The growth rate of India's industrial production has slowed to a three-month low of 4.8% in January, primarily due to weaker performances in the mining and manufacturing sectors, as per the latest official statistics released on Monday.

In January 2025, the factory output, as indicated by the Index of Industrial Production (IIP), saw an increase of 5.2%.

The previous low was recorded in October 2025, where growth was just 0.5%. In contrast, the IIP growth was at 7.2% in November 2025, according to the official report.

The National Statistics Office (NSO) has adjusted the industrial production growth for December 2025 to 8%, up from the earlier estimate of 7.8% published in January 2026.

Additionally, the NSO data revealed that the manufacturing sector's growth rate fell to 4.8% in January 2025, down from 5.8% during the same month last year.

Mining production growth also experienced a slight decline, registering at 4.3% compared to 4.4% a year prior.

On a positive note, power generation saw a growth of 5.1% in January 2025, a significant increase from the 2.4% growth recorded in the same month last year.

For the period from April to January in FY26, the overall industrial production growth also dipped slightly to 4%, compared to 4.2% during the same timeframe the previous year.