October IIP growth sinks to 14-month low of 0.4% as mining, electricity drag

The Index of Industrial Production (IIP) growth rate for October 2025 eased sharply to 14-month low of 0.4%, compared to 4.0% in September 2025, thus marking a slower growth primarily due to fewer working days in the month on account of festivals including Dussehra, Diwali and Chhath, the latest data shared by Ministry of Statistics & Programme Implementation (MoSPI) stated. De-growth for key sectors like mining and eletricity stood at -1.8%, and -6.9%, respectively, while manufacturing recorded 1.8% growth. Lower demand and reduced electricity generation were driven by extended rainfall and comfortable temperatures across several states/UTs.

Here are the key highlights:

1) The Quick Estimate of IIP stands at 150.9, compared to 150.3 in October 2024. The IIP for mining stands at 126.2, manufacturing at 151.1, and electricity at 193.4.

2) Within manufacturing, 9 of 23 industry groups recorded positive growth in October 2025 over October 2024. The top contributors are: manufacture of basic metals (6.6%), manufacture of coke and refined petroleum products (6.2%), and manufacture of motor vehicles, trailers and semi-trailers (5.8%).

3) In basic metals, major contributors are HR coils and sheets of mild steel, flat products of alloy steel, and MS slabs. In coke and refined petroleum products, major contributors are diesel, petrol/motor spirit, and hard coke. In motor vehicles, major contributors are auto components/spares and accessories, passenger cars, and commercial vehicles.

4) As per use-based classification, indices for October 2025 stand at: Primary goods (148.9), capital goods (111.8), intermediate goods (166.5), Infrastructure/Construction Goods (197.2), Consumer Durables (129.2) and Consumer Non-durables (139.9).

5) Corresponding growth rates over October 2024 are: Primary goods (-0.6%), Capital goods (2.4%), Intermediate goods (0.9%), Infrastructure/Construction goods (7.1%), Consumer durables (-0.5%), and Consumer non-durables (-4.4%). Top contributors based on use-based classification are Infrastructure/Construction goods, Intermediate goods, and Capital goods.

6) Along with the Quick Estimate for October 2025, indices for September 2025 have undergone final revision based on updated data from source agencies.

7) The Quick Estimates for October 2025 and the final revision for September 2025 are compiled at weighted response rates of 87.99% and 92.81%.