India’s Industrial Growth Context: India’s industrial activity slowed to a three-month low of 4.8% in January 2026, dragged down by a broad-based slowdown across manufacturing, mining, electricity, and consumer-facing sectors. Manufacturing Sector Growth eased to 4.8% in January 2026. Down from 8.4% in December 2025. Also lower than 5.8% in January 2025. Mining Sector Growth slowed to 4.3% in January. This follows two months of accelerating growth. Electricity Sector Growth moderated to 5.1% in January. Down from 6.9% in December 2025. Still higher than 2.4% in January 2025. Infrastructure Sector Growth accelerated to 13.7% in January 2026. Fastest expansion since August 2023. The only broad sector showing improved momentum. About Index of Industrial Production (IIP) The Index of Industrial Production (IIP) is a key economic measure that tracks short-term movements in the output of a selected group of industrial products in India. It indicates how the country’s industrial sector — comprising manufacturing, mining, and electricity — is performing over time. Published by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI), Government of India. Base Year: Currently uses 2011–12 as the base year (updated from the earlier base year of 2004–05). Covers three major sectors: Mining, Manufacturing and Electricity. Objective: Designed to track industrial output trends, support government policy formulation, and serve as an early signal of overall economic momentum. Frequency of Release: Published every month, typically with a lag of about one month. Economic Significance: Plays an important role in assessing sector-wise growth patterns, understanding inflationary pressures, and evaluating the broader progress of industrial development in the country. Government Bank Dashboard and Government Bank Manu Context: The Ministry of Finance has introduced the Government Bank Dashboard and the Government Bank Manual to strengthen governance and streamline operations in banks that manage government-related transactions. Government…
