India’s Index of Industrial Production (IIP) recorded growth of 2.9 percent for February 2025, signifying economic resilience and industrial momentum. These latest figures, compiled under the base year 2011-12, are part of the Ministry of Statistics and Programme Implementation’s quick estimates released with a six-week lag. While subject to revisions per policy, the data highlights developments across vital sectors such as mining, manufacturing, and electricity.
The general index for February 2025 stood at 151.3, compared to 147.1 in February 2024. Sectorally, mining grew by 1.6 percent, manufacturing by 2.9 percent, and electricity by 3.6 percent. Within manufacturing, fourteen out of twenty-three industry groups showed positive growth compared to the same period last year. Leading the growth were industries such as manufacture of basic metals with a 5.8 percent increase, motor vehicles, trailers, and semi-trailers with an 8.9 percent rise, and other non-metallic mineral products at 8 percent.
Among the significant contributors, alloy steel flat products, mild steel bars and rods, and steel pipes and tubes played a key role in bolstering the manufacture of basic metals. Growth in motor vehicles, trailers, and semi-trailers was fueled by commercial vehicles, axles, and auto components, among others. Similarly, cement products including clinkers and pre-fabricated concrete blocks were instrumental in driving the manufacturing of non-metallic mineral products.
Analyzed under use-based classification, the indices for February 2025 were 152.3 for primary goods, 115.5 for capital goods, 159.9 for intermediate goods, and 191.3 for infrastructure and construction goods. Consumer goods indices stood at 126.5 for durables and 146.7 for non-durables. Positive contributors in this category included infrastructure/construction goods, primary goods, and capital goods.
Growth rates for February 2025 revealed a nuanced picture. Primary goods rose by 2.8 percent, capital goods surged by 8.2 percent, intermediate goods witnessed a growth of 1.5 percent, and infrastructure/construction goods increased by 6.6 percent. Consumer durables improved by 3.8 percent, though non-durables registered a decline of 2.1 percent.
The press release also provided historical context through a month-wise index spanning thirteen months, showcasing fluctuations and trends in sectoral performance. Revisions were noted for January 2025 and November 2024 as updated data became available, enhancing reliability and accuracy.
The manufacturing sector emerged as a cornerstone of growth, with advances noted across diverse industries. Pharmaceuticals saw sustained output levels despite minor fluctuations, while rubber and plastics products grew by 4.6 percent cumulatively. Noteworthy momentum was registered in industries such as electrical equipment, which surged by an impressive 22.9 percent, and fabricated metal products, up by 7.4 percent.
Electricity generation continued its upward trajectory, highlighting India’s drive for energy security and modernization. Mining, though steady, showcased modest gains, ensuring a balanced representation in overall IIP performance.
The announcement provided insights into India’s industrial pulse, reflecting a blend of innovation, resilience, and targeted growth strategies. The sectoral data reaffirms the potential for sustained development while underscoring the importance of adaptability and diversification in economic planning.
Future updates, including the index for March 2025, are scheduled for release on April 28, 2025, promising continued analysis and insights for policymakers, industry leaders, and stakeholders. F
