Current Context: India’s industrial output, as measured by the Index of Industrial Production (IIP), grew by 2.9% in February 2025, marking the slowest pace in six months.
Sectoral Performance:
- Manufacturing: Grew by 2.9%, down from 5.0% in January.
- Mining: Increased by 1.6%, a decrease from 4.4% in the previous month.
- Electricity: Expanded by 3.6%, up from 2.4% in January.
- Cumulative Growth: From April 2024 to February 2025, cumulative industrial output grew by 4.1%.
Significance:
- Economic Indicator: IIP serves as a crucial indicator of industrial performance, influencing policy decisions and economic forecasts.
- Policy Implications: Understanding IIP trends aids in assessing the effectiveness of economic policies and identifying areas needing intervention.
About IIP:
- Released by: Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation.
- Base Year: 2011-12
- Frequency: Monthly
- Sectors Covered: Mining, Manufacturing, Electricity