Industrial Production in India increased 1.20 percent in May of 2025 over the same month in the previous year. This dataset provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Index of Industrial Production across all Indian industries in the financial year of 2024 was recorded at around 147. This indicated a growth in industrial production and growth across all sectors by around six percent from the previous year.

Industrial Production, constant US$ in India was reported at 785736135317 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Industrial Production, constant US$ - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The annual growth rate for industrial production in India recovered and registered a growth rate of over **** percent in the financial year 2023. The IIP growth rate is expected to increase to nearly *** percent in 2024.

India Industrial Production Index: 2011-12=100: Intermediate Goods data was reported at 173.100 2011-2012=100 in Mar 2025. This records an increase from the previous number of 159.100 2011-2012=100 for Feb 2025. India Industrial Production Index: 2011-12=100: Intermediate Goods data is updated monthly, averaging 125.450 2011-2012=100 from Apr 2012 (Median) to Mar 2025, with 156 observations. The data reached an all-time high of 173.100 2011-2012=100 in Mar 2025 and a record low of 44.600 2011-2012=100 in Apr 2020. India Industrial Production Index: 2011-12=100: Intermediate Goods data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.BAA001: Industrial Production Index: 2011-2012. [COVID-19-IMPACT]

Industrial Production, constant US$, seas. adj. in India was reported at 813798977450 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Industrial Production, constant US$, seas. adj. - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for India (INDPROINDMISMEI) from Apr 1994 to Jan 2023 about India, IP, and indexes.

India IN: Industrial Production Index: % Change data was reported at 3.542 % in 2017. This records a decrease from the previous number of 5.207 % for 2016. India IN: Industrial Production Index: % Change data is updated yearly, averaging 5.717 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 14.243 % in 2010 and a record low of -0.792 % in 1967. India IN: Industrial Production Index: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Production Index: Annual.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for India (PRINTO01INA657S) from 1996 to 2024 about India, IP, and construction.

The manufacturing industry in India has emerged as a fast-growing sector owing to the rapidly increasing population in the country. Investments in the sector have been on the rise and initiatives like ‘Make in India’ aim to make the South Asian country a global manufacturing hub. The annual production growth rate in the manufacturing industry was *** percent during fiscal year 2025. Foreign and domestic enterprisesThe gross value added by the manufacturing sector in India has grown steadily; however, it is still lower than the services sector. With the prospect of a huge consumer market, global giants such as Siemens, HTC, and Toshiba have already set up or are in the process of setting up manufacturing plants across the region. Apple has also been setting up nascent operations in India to diversify from China-centered production. On the other hand, the micro, small and medium enterprises sector is also crucial to transforming India from an agriculture-based economy to an industrialized one. MSME's contribution to Indian GDP has remained stable over the last few years. The futureWith technology reaching what previously were unimaginable heights in the last decade, industries need to keep up with the current trends and the technology. The focus is shifting towards machine learning to improve the efficiency and precision of the work.Smart manufacturing, a combination of internet of things and artificial intelligence, is expected to see growth in the coming decade.

Abstract

Comparison of economic performance over time is a key factor in economic analysis and a fundamental requirement for policy-making. Short-term indicators play an important role in this context by providing such comparison indicators. Among the short-term indicators, the Index of Industrial Production (IIP) has historically been one of the most well-known and well-used indicators. The all India IIP is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period. It is compiled and published monthly by the Central Statistics Office (CSO) with a time lag of six weeks from the reference month.

Geographic coverage

Industrial Coverage: Although UNSD guidelines state that IIP is to be compiled for activities in ISIC Rev. 4 Sections B, C, D and E, i.e. (i) Mining and quarrying, (ii) Manufacturing, (iii) Electricity, Gas, Steam and Air-conditioning supply and (iv) Water supply, Sewerage, Waste management and Remediation activities, due to constraints of the data availability and other resources, the index is being compiled with (i) Mining, (ii) Manufacturing and (iii) Electricity as scope of All India IIP. In the current base year (i.e. 2011-12), the index covers 839 items clubbed into 407 item groups under three sectors i.e. Mining (29 items clubbed into 1 item group), Manufacturing (809 items clubbed into 405 item groups) and Electricity (1 item) with weights of 14.37%, 77.63% and 7.99% respectively.

The mining sector covers 29 items under different headings viz. Fuel Minerals, Metallic Minerals and Non-Metallic Minerals. This sector also includes Crude Petroleum, Natural Gas, Coal and Lignite. The manufacturing sector covers 809 items under different groups e.g. Food products, Beverages, Textiles, Chemicals and chemical products etc. The Electricity sector is treated as a single item.

Product Coverage: Within an industry the products are covered on the basis of the concepts of Primary (Main) Product as well as Secondary (By) Product. All those items which represent at least 80% of the output within each industry group, i.e., 3-digit industry of NIC-2008 (based on ISIC 4) have been included in the Item basket. Essential products like tea, coffee, salt and sugar have been included. The over-riding criteria for finalization of item basket have been the regular monthly flow of production data from the source agencies/collection authorities.

Analysis unit

Frame for coverage of units is decided by the source agencies which collect data from the factories. For compilation of IIP both large and medium factories are covered for collection of data by the source agencies.

Mode of data collection

The sample size for data collection is decided by the source agencies. Generally, efforts are made to cover all the major units.

statistical techniques :

Procedures for Non-Response: In India, the Index of Industrial Production is based on the responded production as well as estimated production for non-responding units. The production estimates for the non-responding units are developed using various methods including: repetition of last available data; taking the average production data for the last few months; using previous year's growth rate; etc. The appropriate estimation procedure is decided by the source agencies themselves in consultation with CSO. Treatment of Missing Production: The index is compiled on the basis of the data on a fixed number of items collected from the source agencies which in turn collect the data from different factories and estimate the data on their own, as per the requirements. Selection of Replacement Items: Replacement of items is not done at present. Introducing New Units and Products: New units/ new products are included only at the time of the revision of base year.

Other statistical procedures : The production figures, if not reported by all the units in the current month due to any reason, are estimated for the current month and revised subsequently in the next month, and finally in the third month on the basis of which the final indices for a month are calculated.

Nature of Weights: The weights for the three sectors (mining, manufacturing, and electricity) are based on share of the sector in total domestic production in the base year. The overall weight of the manufacturing sector is apportioned to the industry groups at the 2-digit, 3-digit- and 4-digit level of the National Industrial Classification (NIC) 2008, on the basis of the Gross Value Added (GVA). The weighting diagram for the current series of IIP is prepared on the basis of GVA up to the 2-digit, 3 and 4 digit level of NIC based on the results of ASI 2011- 12. At the final level (i.e. 5 digit level of NIC), weights to items have been distributed on the basis of Gross Value of Output (GVO). The weights of selected items within an industry group are apportioned on the basis of the value of output.

Period of Current Index Weights: The current index weights are based on the value of production of the industries during the base year period viz. April, 2011 to March 2012 as reported in the Annual Survey of Industries for the year 2011-12. The same weights are used until the revision of the base year is done.

Frequency of Weight Updates: The weights are revised with every revision of the base year. The base year was revised to 2011-12 from 2004-05 in May 2017. Efforts would be made to revise the base year once in every five years as per UNSD's recommendations (the previous base years of the index were 2004-05, 1993-94, 1980-81, 1970, 1956, 1951 and 1946).

• Computation of lowest level indices: The lowest level, for which an index is prepared, is the item group. It is compiled as the ratio of production quantity in the current month with respect to its average monthly production quantity in the base year.

• Aggregation: The IIP is calculated using the Laspeyres formula as a weighted arithmetic average of production relatives. The index is primarily quantity based, although for some item groups the quantity relatives are obtained by price deflation.

The index at group level/ 2-digit level of NIC is compiled by using the Laspeyeres' formula, i.e. I = Uppercase sigma(Wi*Ri)/ Uppercase sigm(Wi) where Ri is the production relative and Wi is the weight of an item.

The index is prepared for each two-digit level of NIC. Also the index is prepared on the basis of the following use-based classification: Primary Goods, Capital Goods, Intermediate Goods, Infrastructure/ Construction Goods, Durable Consumer Goods and Non-Durable Consumer Goods.

• Alignment of Value of Weights and Base Period: No alignment of the weights is required as the weights as well as the base year production relate to the same reference period viz. April, 2011 to March 2012.

-- Linking of Re-weighted Index to Historical Index: Whenever there is change in the base year, the new series can be linked with the old series by preparing linked series. For the common period, the index series are available with both old weights & new weights for linking the two series.

High-Frequency Indicator: The dataset contains year- and moth- compiled data from the year 1994 to till date on the growth of various types of industries, as indicated in the growth of their weight in the Index of Industrial Production (IIP), from their respective base years such as 1993-94, 2004-05 and 2011-12. The range of industries covered in the IIP list includes industries of Food Products, Beverages, Tobacco products, Textiles, Wearing apparel, leather, and related products, Wood and products of wood and cork except furniture; articles of straw and plating materials, Paper and its products, Coke and Refined Petroleum Products, Chemicals and chemical products and other types of industries

Note: 1. For Base Years 2011-12, 2004-05, and 1993-94, industry codes are as per National Industrial Classification 2008, 2004, and 1987 respectively

The dataset contains All India Yearly Industrial Production Index Number from Handbook of Statistics on Indian Economy.

Industrial production, annual percent change in India, April, 2025 The most recent value is 2.7 percent as of April 2025, a decline compared to the previous value of 3.9 percent. Historically, the average for India from April 1982 to April 2025 is 6.02 percent. The minimum of -57.3 percent was recorded in April 2020, while the maximum of 134.63 percent was reached in April 2021. | TheGlobalEconomy.com

During 2023, growth in industrial production in India fluctuated significantly. In February and **********, for instance, industrial production in India decreased *** and *** percent compared to the previous months. On the other hand, March and December saw significant growth of *** and **** percent.

India IN: Industrial Production Index: Seasonally Adjusted data was reported at 124.844 2010=100 in Sep 2017. This records an increase from the previous number of 122.930 2010=100 for Jun 2017. India IN: Industrial Production Index: Seasonally Adjusted data is updated quarterly, averaging 91.377 2010=100 from Mar 2000 (Median) to Sep 2017, with 71 observations. The data reached an all-time high of 124.844 2010=100 in Sep 2017 and a record low of 48.036 2010=100 in Mar 2000. India IN: Industrial Production Index: Seasonally Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Production Index: Quarterly.

In the financial year of 2022, the Index of Industrial Production (IIP) for the electricity sector in India was 170.2, which represented a 70 percent increase from the base year of 2012. The IIP for electricity increased steadily since the financial year of 2015, with a slight decrease in 2021.

Historical chart and dataset showing India manufacturing output by year from 1960 to 2023.

In the financial year of 2019, the Index of Industrial Production growth rate for intermediate goods was *** percent, down from about *** percent in financial year 2016. The index growth rate from April 2019 to September 2020 was about ** in the country.

Manufacturing Production in India increased 2.60 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - India Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.