IIP soars to 2-year high

India’s Indices of Industrial Production (IIP) grew 6.7% in November 2025, compared with 5% in the same month last year. According to government data, the growth was led by the manufacturing sector, which posted an 8.0% year-on-year increase, supported by positive growth across most key industries. Within the sector, basic metals, pharmaceuticals and motor vehicles were the top three contributors in November. The mining sector grew by 5.4% on a YoY basis, aided by the end of the monsoon season and strong growth in metallic minerals such as iron ore. However, electricity output fell by 1.5% in November. The IIP for the mining, manufacturing and electricity sectors for the month stood at 141.0, 158.8 and 181.3, respectively. The top three sectors driving IIP growth in November 2025 w: ere infrastructure/construction goods, intermediate goods and consumer non-durables, as per a report.

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