India’s Industrial Output Grows 4.8% In January 2026

On 2nd March 2026, the Ministry of Statistics and Programme Implementation reported that India’s Index of Industrial Production (IIP) grew by 4.8% year-on-year in January 2026, indicating a moderation from December’s revised growth of 7.8%.

Key Points

Overall IIP Growth: IIP stood at 169.4 in January 2026 compared to 161.6 in January 2025.
Sectoral Performance:
- Manufacturing grew by 4.8%
- Electricity expanded by 5.1%
- Mining increased by 4.3%
Manufacturing Segment: 14 out of 23 industry groups recorded positive growth.
Top Performing Industries:
- Basic metals grew by 13.2%
- Motor vehicles, trailers & semi-trailers expanded by 10.9%
- Other non-metallic mineral products (including cement) rose by 9.9%
Use-Based Classification:
- Infrastructure & construction goods surged by 13.7%
- Intermediate goods grew by 6.0%
- Consumer durables increased by 6.3%
- Consumer non-durables contracted by 2.7%