India's Industrial Production Growth Down to 14-Month Low of 0.4%

New Delhi: Owing to slow growth in the manufacturing sector along with contractions in electricity and consumer non-durables, growth in industrial production fell to a 14-month low of 0.4% in October 2025

According to data on the Index of Industrial Production (IIP) released by the Ministry of Statistics and Programme Implementation, the last time growth in industrial production was lower than the present figures was in August 2024, when it stood at 0%, reported The Hindu.

While the electricity sector had registered a growth of 2% in October last year, it contracted 6.9% in October 2025. Similarly, the consumer non-durables sector also contracted 4.4% in October 2025, when compared with the growth of 2.8% in October 2024.

“Consumer goods registered negative growth, and the inventory factor would have played out. It was -0.5% for durables and -4.4% for non-durables. This would need to be monitored for the next two months where traction in a positive direction should be seen,” Madan Sabnavis, chief economist at the Bank of Baroda told the newspaper.

Among other sectors, mining and quarrying too showed a contraction of 1.8% in October 2025. Till now, the sector has contracted in six out of the last seven months. The crucial manufacturing sector registered a growth of 1.8%, which is almost a two-year low. In October 2024, this figure was 4.4%.

While the infrastructure and construction goods sector was seeing double-digit figures of growth in the July-September 2025 quarter, the figure fell to 7.1% in October 2025.

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