India’s IIP (Industrial Production) based industrial production growth rate was 3 percent in March 2025. Which was 2.9 percent in February 2025. However, today the industrial production growth rate for February 2025 has been revised to 2.7 percent.
The growth rate of industrial production in March 2024 was 5.5 percent. Thus, the growth rate of industrial production has declined on an annual basis. In March 2025, the increase in manufacturing, mining and power sectors was weak.
FY 2024-25 saw an increase of 4 percent in IIPs, while in 2023-24 it saw an increase of 5.9 percent.
The government had said earlier this month that the growth rate of industrial production in February 2025 would be 2.9 percent. However, now this figure has been revised to 2.7 percent.
According to data from the National Statistics Office (NSO), the growth rate of manufacturing sector has come down to three percent in March 2025, compared to 5.9 percent in the same period a year ago.
On annual basis, the growth rate of mining production has come down from 1.3 percent to 0.4 percent. Power generation also increased by 6.3 percent in March 2025, compared to 8.6 percent in the same period a year ago.
