Growth in industrial activity in India slowed to 4% in August 2025 from its 6-month high growth of 4.3% in July. Growth was dragged down by the consumer durables and non-durables sectors, as well as slower growth in manufacturing, capital goods, and infrastructure sectors, government data showed.

On the other hand, mining activity, the primary goods sector, and electricity output saw a positive turnaround.

Data on the Index of Industrial Production (IIP), released by the Ministry of Statistics and Programme Implementation on Monday (September 29, 2025), showed that growth in the index this August was considerably faster than the 0% growth seen in August last year.

“This data should be read with caution as it captures neither the tariff nor GST effect which have been in the news and affe

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