New Delhi: India’s industrial output expanded by just 0.4% in October 2025, marking a sharp slowdown from the 4% growth recorded in September, according to the latest data released by the Ministry of Statistics and Programme Implementation (MoSPI). The ministry said the moderation was largely the result of fewer working days in a month packed with major festivals.
Releasing the Quick Estimates of the Index of Industrial Production (IIP), the government noted, “The slow growth in the month could be attributed to less number of working days because of a number of festivals in the month including Dussehra, Dipawali and Chhath.” The overall IIP index stood at 150.9, marginally higher than 150.3 in October last year.
Sector-wise performance showed a mixed picture. Manufacturing grew 1.8%, while mining contracted 1.8%. The steepest fall came from the electricity sector, which shrank 6.9% in October. The ministry attributed the decline in electricity generation to subdued demand conditions. According to the release, “Lower demand in October 2025 and consequent decline in electricity generation was driven by extended rainfall season and comfortable ambient temperature across multiple States/UTs.”
Within manufacturing, only 9 of 23 industry groups registered positive growth. The strongest contributors were basic metals (6.6%), coke and refined petroleum products (6.2%), and motor vehicles (5.8%). In basic metals, items such as “HR coils and sheets of mild steel”, “flat products of alloy steel”, and “MS slabs” drove output. Petroleum products such as diesel, petrol and hard coke also recorded notable increases.
Use-based classification showed continued strength in investment- and infrastructure-linked categories. Infrastructure and construction goods grew 7.1%, followed by capital goods at 2.4% and intermediate goods at 0.9%. Consumer-facing categories remained weak: consumer durables fell 0.5%, while consumer non-durables saw a sharper 4.4% decline.
The ministry said the Quick Estimates were compiled with a weighted response rate of 87.99%, while final figures for September were based on a response rate of 92.81%. As per the release calendar, data for November 2025 will be published on 29 December 2025.