India’s industrial output, measured by the Index of Industrial Production (IIP), dropped to 2.9% in February after a strong start at 5.01% in January, according to data released from the National Statistics Office (NSO) on Friday.
This marks the lowest level in seven months, since August 2024, when IIP contracted by 0.1%.
The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of February 2025 are 1.6%, 2.9% and 3.6% respectively.
For manufacturing sector, the top three positive contributors are – Manufacture of basic metals (5.8%), Manufacture of motor vehicles, trailers and semi-trailers (8.9%) and Manufacture of other non-metallic mineral products (8.0%).
Basic metals posted a growth of 5.8%, driven by higher production of alloy steel flat products, steel pipes and tubes, and mild steel bars and rods.
Motor vehicles, trailers, and semi-trailers recorded a growth of 8.9%. It was supported by increased production of auto components, axles, and commercial vehicles.
Further, the Non-metallic mineral products marked a growth of 8%, led by cement, cement clinkers, and prefabricated concrete blocks.
Mining grew only 1.6%, showing weakness in output from extractive industries as compared to previous month when it had grown by 4.4% while the electricity grew by 3.6%, compared to 2.4% in the month prior.