IIP Growth Rebounds To 5% In January On Manufacturing Uptick
Manufacturing output grew at 5.5% in January, as compared to 3.4% in the preceding month.
India's index of industrial production growth rebounded to 5% in January 2025, after slowing to 3.5% in December 2024, showed the data released by the Ministry of Statistics and Programme Implementation on Wednesday.
The rise in IIP was driven by an uptick in manufacturing, which grew on an annual basis at 5.5%, compared to 3.4% in the preceding month.
The output of mining and electricity—the other two main factors determining the IIP—grew by 4.4% and 2.4%, respectively in January. In comparison, mining output rose by 2.7% and electricity generation grew by 6.2% in December.
IIP Sectoral Estimates (YoY)
Mining output rose by 4.4% in January compared to 2.7% in December.
Manufacturing output grew by 5.5% versus 3.4% in the preceding month.
Electricity generation rose by 2.4% vs 6.2% in the previous month.
Industrial output, as classified by the end use of goods, showed:
Primary goods production rose by 5.5% in January versus 3.8% in December.
Capital goods output increased by 7.8% versus 10.4% in the preceding month.
Intermediate goods output grew by 5.2% in January, compared to 6.4% in December.
Infrastructure and construction goods output rose by 7% compared to 7.4% in the preceding month.
Consumer durables output rose by 7.2% versus 8.3% in December.
Consumer non-durables output contracted by 0.2% compared to contraction of 7.5% in December.
(This is a developing story)
