India’s industrial output growth, as gauged by the Index of Industrial Production (IIP), eased to 2.9% in February from 5% in January, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. The decline indicates a broad-based slowdown across major sectors. January’s higher growth had marked an eight-month peak, largely driven by strong performance in the manufacturing sector.
All three core sectors experienced slower growth. Mining expanded by 1.6% in February, compared to 4.4% in January, indicating weaker activity in extractive industries. Electricity output improved slightly, registering 3.6% growth versus 2.4% in the previous month. Manufacturing, the largest component of the IIP, grew by 2.9% in February, down from 5.5% in January.
The Quick Estimates of IIP stood at 151.3 in February 2025, up from 147.1 in February 2024. Sector-wise, the IIP figures for February 2025 were: Mining at 141.9, Manufacturing at 148.6, and Electricity at 194.0.
Under the use-based classification for February 2025, the indices were recorded at 152.3 for Primary Goods, 115.5 for Capital Goods, 159.9 for Intermediate Goods, and 191.3 for Infrastructure/Construction Goods. The indices for Consumer Durables and Consumer Non-durables stood at 126.5 and 146.7, respectively.
“The corresponding growth rates of IIP as per Use-based classification in February 2025 over February 2024 are 2.8 percent in Primary goods, 8.2 percent in Capital goods, 1.5 percent in Intermediate goods, 6.6 percent in Infrastructure/ Construction Goods, 3.8 percent in Consumer durables and (-)2.1 percent in Consumer non-durables (Statement III). Based on use-based classification, top three positive contributors to the growth of IIP for the month of February 2025 are – Infrastructure/ construction goods, Primary goods, and Capital goods,” the official release stated.
