India’s industrial engine revives! IIP surges 6.7% on manufacturing boom

The growth was led by increased output in the manufacture of basic metals and fabricated metal products, pharmaceuticals, and motor vehicles.

The mining sector also showed a rebound, registering a growth of 5.4% in November following a contraction of 1.8% in October. The recovery was aided by the end of the monsoon season and strong production growth in metallic minerals such as iron ore.

Overall, IIP in November was 0.5% higher than in October and 5% above the level recorded in November last year.

Manufacturing output rose 8% in November, up from October and significantly higher than the 5.5% growth recorded in the same month last year.

Mining activity expanded by 5.4% in November, compared to a contraction in October and a 1.9% growth in November 2024.

Consumer durables and non-durable sectors also made a strong contribution to industrial growth, recording increases of 10.3% and 7.3% respectively during the month.

Key Highlights:

1. The IIP growth rate for the month of November 2025 is 6.7 percent which was 0.4 percent (Quick Estimate) in the month of October 2025. 
2. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of November 2025 are 5.4 percent, 8.0 percent and (-)1.5 percent respectively.
3. The Quick Estimates of IIP stands at 158.0 against 148.1 in November 2024. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2025 stand at 141.0, 158.8 and 181.3 respectively.
4. Within the manufacturing sector, 20 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in November 2025 over November 2024. The top three positive contributors for the month of November 2025 are – “Manufacture of basic metals” (10.2%), “Manufacture of pharmaceuticals, medicinal chemical and botanical products” (10.5%) and “Manufacture of motor vehicles, trailers and semi-trailers” (11.9%).
5. In the industry group “Manufacture of basic metals”, item groups “MS slabs”, “HR coils and sheets of mild steel” and “Flat products of Alloy Steel” have shown significant contribution in growth.
6. In the industry group “Manufacture of pharmaceuticals, medicinal chemical and botanical products”, item groups “Digestive enzymes and antacids (incl. PPI drugs)”, “Vaccine for veterinary medicine”, and “Anti-psychotic drugs (e.g. Olanzapine)” have shown significant contribution in growth.
7. In the industry group “Manufacture of motor vehicles, trailers and semi-trailers” item groups “Auto components/ spares and accessories”, “Commercial Vehicles” and “Passenger cars” have shown significant contribution in growth.
8. As per the use base classification, the indices stand at 150.7 for Primary Goods, 117.8 for Capital Goods, 170.1 for Intermediate Goods and 198.7 for Infrastructure/ Construction Goods for the month of November 2025. Further, the indices for Consumer durables and Consumer non-durables stand at 134.0 and 169.7 respectively.
9. The corresponding growth rates of IIP as per Use-based classification in November 2025 over November 2024 are 2.0 percent in Primary goods, 10.4 percent in Capital goods, 7.3 percent in Intermediate goods, 12.1 percent in Infrastructure/ Construction Goods, 10.3 percent in Consumer durables and 7.3 percent in Consumer non-durables (Statement III).  Based on use-based classification, top three positive contributors to the growth of IIP for the month of November 2025 are Infrastructure/ construction goods, Intermediate goods and Consumer non-durables.
10.   Monthly Indices and Growth Rate (in %) of IIP for the last 13 months