India’s Index of Industrial Production (IIP) rose 4% year-on-year in September 2025, unchanged from the previous month’s quick estimate, according to official data.

The steady growth was driven by a 4.8% expansion in the manufacturing sector, even as mining and electricity activity moderated.

Manufacturing output benefited from strong performances in key segments — “manufacture of basic metals” grew 12.3%, “electrical equipment” rose 28.7%, and “motor vehicles, trailers and semi-trailers” expanded 14.6%.

Within these categories, items such as MS slabs, electric heaters, transformers, and auto components contributed significantly to growth.

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In contrast, mining activity contracted 0

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