The Quick Estimates of the Index of Industrial Production (IIP) for January 2025 indicate a 5.0 percent growth compared to the same month in the previous year. This marks an improvement from the 3.2 percent growth recorded in December 2024.
Breaking it down by sector, the Mining, Manufacturing, and Electricity sectors registered growth rates of 4.4 percent, 5.5 percent, and 2.4 percent, respectively. The overall IIP index for January 2025 stood at 161.3, up from 153.6 in January 2024. Correspondingly, the sectoral index for Mining, Manufacturing, and Electricity in January 2025 was 150.7, 159.1, and 201.9, respectively.
Within the Manufacturing sector, 19 of 23 industry groups, classified at the NIC 2-digit level, exhibited positive growth in January 2025 compared to January 2024. The top three contributors to growth in this sector were Basic Metals (6.3 percent), Coke and Refined Petroleum Products (8.5 percent), and Electrical Equipment (21.7 percent).
In the Basic Metals industry group, segments such as Flat products of Alloy Steel, Steel Pipes and Tubes, and MS blooms/billets/ingots significantly contributed to growth. Similarly, in Coke and Refined Petroleum Products, items such as Diesel, Petrol/Motor Spirit, and Liquefied Petroleum Gas (LPG) played a crucial role. In the Electrical Equipment group, products like Small Transformers, Optical Fibre Connectors, and Electric Heaters were the key growth drivers.
From a Use-based Classification perspective, the indices in January 2025 were 162.8 for Primary Goods, 116.8 for Capital Goods, 172.3 for Intermediate Goods, and 199.6 for Infrastructure/Construction Goods. Additionally, the indices for Consumer Durables and Consumer Non-durables stood at 130.2 and 164.5, respectively.
Regarding the growth rates by Use-based Classification, Primary Goods expanded by 5.5 percent, Capital Goods by 7.8 percent, Intermediate Goods by 5.2 percent, and Infrastructure/Construction Goods by 7.0 percent. Consumer Durables recorded 7.2 percent growth, whereas Consumer Non-durables witnessed a marginal contraction of -0.2 percent. The leading contributors to IIP growth for January 2025, based on use classification, were Primary Goods, Infrastructure/Construction Goods, and Intermediate Goods.
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