Index of Industrial Production Context: India’s Index of Industrial Production (IIP) grew by 6.7% in November 2025, marking a 25-month high The previous higher growth was recorded in October 2023 (11.9%). The Index of Industrial Production is a key macroeconomic indicator that measures the performance of India’s industrial sectors, including manufacturing, mining, and electricity. Manufacturing: Recorded robust growth, reflecting improved output across multiple industries. By strong performances in manufacturing and construction sectors, the capital goods sector recorded high growth of 10.4% in November. Mining output growth accelerated to a three-month high of 5.4% in November. The electricity sector was the only one to contract, declining by 1.5% in November, down from a growth of 4.4% in November last year.
