Market timing

India macro › Industrial production (IIP) › May 2025

Industrial production (IIP), May 2025: up 3.4%

India's industrial output grew 3.4% in May 2025 from a year earlier, after growth of 4.8% in April, the weakest reading since February 2025. Output has grown for 26 months in a row. In May 2024 it grew 7.3%. The index is on MoSPI's 2022-23 base and covers mining, manufacturing and electricity.

May 2025April 2025May 2024
IIP growth3.4%4.8%7.3%
Industrial production growth (IIP)Apr 2023 – Aug 2026
−5%0%5%10%15%20%25%202420253.42026
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.