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India macro › Industrial production (IIP) › January 2026

Industrial production (IIP), January 2026: up 4.1%

India's industrial output grew 4.1% in January 2026 from a year earlier, after growth of 6.7% in December, the weakest reading since October 2025. In January 2025 it grew 6.3%. The index is on MoSPI's 2022-23 base and covers mining, manufacturing and electricity.

January 2026December 2025January 2025
IIP growth4.1%6.7%6.3%
Industrial production growth (IIP)Apr 2023 – Aug 2026
−5%0%5%10%15%20%25%202420254.12026
Year-on-year growth of the general index (2022-23 base), covering mining, manufacturing and electricity.

Source: Ministry of Statistics and Programme Implementation (MoSPI). MoSPI revises earlier periods as fuller data arrives; this page shows the latest published figure. The latest figures for every indicator are on the India macro dashboard.