India’s industrial production growth surged to a four-month high of 3.5% in July 2025, driven by strong performance in the manufacturing sector, as per official data released on Thursday. This growth rate was previously recorded at 3.9% in March 2025. In July 2024, factory output had expanded by 5%. The National Statistics Office (NSO) maintained the growth rate for industrial production at 1.5% for June, consistent with the revised figures from last month. The data indicated the manufacturing sector’s output growth increased to 5.4% in July 2025, up from 4.7% in the same month last year. Conversely, mining production saw a decline of 7.2%, compared to a growth of 3.8% a year earlier.
Power production experienced a slight increase of 0.6% in July 2025, a drop from 7.9% in the previous year. For the April-July period of FY26, total industrial production growth was recorded at 2.3%, down from 5.4% in the previous year. Aditi Nayar, Chief Economist at ICRA, remarked that the growth in manufacturing output reached a six-month high of 5.4% in July 2025, up from 3.7% in June, supported by inputs for construction and consumer durables.