Industrial output growth cools to 4.8% in January

India’s industrial output growth slowed to 4.8% year-on-year in January, easing from 7.8% in December (quick estimate), according to quick estimates released by the Ministry of Statistics & Programme Implementation on Monday.

The Index of Industrial Production (IIP) was supported by steady expansion in manufacturing and electricity generation, which grew 4.8% and 5.1% respectively, while mining output rose 4.3%. Overall industrial output stood at 169.4 in January compared with 161.6 a year earlier.

Within manufacturing, 14 of 23 industry groups recorded positive growth. The strongest contributors were basic metals, which surged 13.2%, motor vehicles at 10.9%, and other non-metallic mineral products at 9.9%, reflecting robust activity in steel, cement and auto-related segments.


Use-based data showed infrastructure and construction goods led expansion with a sharp 13.7% increase, followed by intermediate goods at 6.0% and capital goods at 4.3%. Consumer durables rose 6.3%, but consumer non-durables contracted 2.7%, indicating uneven demand conditions.