In March 2025, India’s Index of Industrial Production (IIP) recorded a year-on-year growth of 3.0 percent, showing a slight increase from the 2.9 percent growth estimated for February 2025. Among the core sectors, Mining expanded marginally by 0.4 percent, Manufacturing rose by 3.0 percent, and Electricity posted a robust growth of 6.3 percent during the same period.
The overall IIP index value reached 164.8 in March 2025, compared to 160.0 in March 2024. Sector-wise, the indices stood at 156.8 for Mining, 160.9 for Manufacturing, and 217.1 for Electricity.
Within the Manufacturing sector, 13 out of 23 industry groups at the NIC two-digit classification level registered positive growth in March 2025 when compared to the same month last year. The most significant contributors to the sector’s performance included the “Manufacture of basic metals,” which grew by 6.9 percent, “Manufacture of motor vehicles, trailers and semi-trailers,” which increased by 10.3 percent, and “Manufacture of electrical equipment,” which showed the highest growth at 15.7 percent.
From a use-based classification perspective, the index values for March 2025 were as follows: Primary Goods – 168.2, Capital Goods – 134.8, Intermediate Goods – 173.1, and Infrastructure/Construction Goods – 212.3. For consumer categories, the indices were 138.5 for Consumer Durables and 147.9 for Consumer Non-durables.
In terms of annual growth over March 2024, Primary Goods rose by 3.1 percent, Capital Goods by 2.4 percent, Intermediate Goods by 2.3 percent, and Infrastructure/Construction Goods witnessed a significant increase of 8.8 percent. Consumer Durables grew by 6.6 percent, while Consumer Non-durables experienced a contraction of 4.7 percent. Under this classification, the three most significant positive contributors to the IIP growth in March 2025 were Infrastructure/Construction Goods, Primary Goods, and Consumer Durables.
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