India’s Industrial Production Growth Falls To 9-Month Low Of 1.2% In May 2025

India’s factory output growth, based on the Index of Industrial Production, in May 2025 slipped to an nine-month low of 1.2% amid poor performance of manufacturing, mining and power sectors, according to the latest official data released on June 30, 2025.

The IIP growth had stood at 2.6% in the previous month of April 2025 and at 6.3% in May last year.

The NSO data showed that the manufacturing sector’s output growth decelerated to 2.6 per cent in May 2025 from 5.1 per cent in the year-ago month.

Mining production contracted by 0.1 per cent against a growth of 6.6 per cent a year ago.

Power production declined by 5.5 per cent in May 2025 against 13.7 per cent growth in the year-ago period.

During the April-May period of FY26, industrial production grew by 1.8 per cent compared to 5.7 per cent a year ago.

India’s economic activity is likely to slowdown in the first quarter of the year, compared with 7.4 percent growth witnessed in the fourth quarter of FY25.