India's Index of Industrial Production (IIP)
Why in news?
India's Index of Industrial Production (IIP) surged to 6.7% year-on-year growth in November 2025, marking the highest rate in 25 months and a sharp rebound from October's revised 0.5%. This data, released by the Ministry of Statistics and Programme Implementation (MoSPI) on December 28, reflects robust factory output amid easing monsoons and post-festive restocking.
Sector Breakdown
- Infrastructure/construction goods: 12.1%
- Consumer durables: 10.3%
- Capital goods: 10.4%
- Intermediate goods: 7.3%​
Key Facts
- Growth Rate: IIP rose 6.7% YoY in Nov 2025, compared to 5% in Nov 2024 and just 0.4% in Oct 2025.
- Sectoral Drivers:
- Manufacturing: Strong growth in basic metals, pharmaceuticals, and motor vehicles.
- Mining: Expanded 5.4%, aided by post-monsoon recovery and iron ore output.
- Electricity: Slight contraction, showing uneven sectoral performance.
- Policy Impact: Reduction in GST rates (Sept 2025) on consumer products boosted demand and manufacturing.
- Previous Context: Previous peak was 11.9% in Nov 2023; Nov 2025 marks a two-year high.
- Cumulative Growth (Apr–Nov 2025): Industrial output grew 3.3%, slower than 4.1% in the same period last year.
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