The Ministry of Statistics and Programme Implementation (MoSPI) on Monday released the Quick Estimates of the Index of Industrial Production (IIP) for March 2025, reporting a year-on-year growth of 3%. This comes slightly higher than the revised figure of 2.9% for February 2025. The IIP, calculated with base year 2011–12=100, stood at 164.8 in March 2025 compared to 160.0 in March 2024.
Among the three major sectors, electricity production showed the most robust growth at 6.3%, followed by manufacturing at 3.0% and mining at 0.4%. The sectoral indices for March 2025 were 156.8 for mining, 160.9 for manufacturing, and 217.1 for electricity.
The manufacturing sector saw positive contributions from 13 of the 23 industry groups at the 2-digit NIC level. Leading the growth were “Manufacture of electrical equipment” with a remarkable 15.7% rise, “Manufacture of motor vehicles, trailers and semi-trailers” at 10.3%, and “Manufacture of basic metals” which increased by 6.9%. Within these categories, specific products like electric heaters, small transformers, and auto components played a significant role in driving growth.
Under the use-based classification, Infrastructure/Construction Goods led the momentum with an 8.8% increase, followed by Primary Goods at 3.1%, and Consumer Durables at 6.6%. However, Consumer Non-Durables experienced a contraction, declining by 4.7% compared to March 2024. The indices for these use-based categories stood at 168.2 for Primary Goods, 134.8 for Capital Goods, 173.1 for Intermediate Goods, 212.3 for Infrastructure/Construction Goods, 138.5 for Consumer Durables, and 147.9 for Consumer Non-Durables.
The cumulative average IIP for the financial year April 2024 to March 2025 registered a growth of 4.0%, with sectoral contributions of 2.9% in mining, 3.9% in manufacturing, and 5.1% in electricity. This marks a slight slowdown from the 5.9% growth recorded in the previous financial year.
Within the detailed industry-wise data, notable growth was seen in “Manufacture of computer, electronic and optical products” (21.5%), and “Manufacture of machinery and equipment n.e.c.” (8.0%). Some sectors like “Manufacture of pharmaceuticals” and “Manufacture of food products” posted negative growth rates of -4.6% and -8.0% respectively, reflecting industry-specific challenges.
This month’s IIP Quick Estimate is based on a weighted response rate of 88%, while the finalized figures for December 2024, January 2025, and February 2025 reflect updated data with response rates of 95%, 94%, and 94%, respectively.
