Industrial activity dipped marginally to a three-month low of 4% in September 2025. The data also shows that the growth in industrial activity during the first half of the financial year (April-September) was the slowest in at least five years.

Growth in the Index of Industrial Production, released by the Ministry of Statistics and Programme Implementation, stood at 3.2% in September of last year. However, growth had since accelerated to 4.3% by July 2025, following which it slowed again.

The overall index grew 3% in the April-September 2025 period, the first half of the financial year 2025-26. This is the slowest in at least five years, the period for which data is readily available.

The index grew 24% in the first half of 2021-22, owing to the low base of the previous pandemic-affecte

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