From mint · Subhash Narayan · · 1m 30s
India's Industrial Output Grows 6.7% in September
India's industrial output grew 6.7% in September, down from August's 7.8% but up from 6.1% a year earlier.
In brief
India's industrial output grew 6.7% in September, down from August's 7.8% but up from 6.1% a year earlier. India's industrial output grew 6.7% in September, led by manufacturing and electricity generation, with mining output declining. Originally reported by mint.
Industrial Output Growth
India's industrial output growth moderated to 6.7% in September from 8% in August.
Growth Compared to Previous Months
The September growth was lower than August's 7.8% but higher than the 6.1% growth recorded a year earlier.
Manufacturing Performance
Manufacturing grew 7.6%, down from 8.6% the month before, while mining output fell 6.2%.
Electricity Generation
Electricity generation rose by 11.2% as demand remained strong.
Capital Goods Output
Capital goods output rose sharply by 10.4%, signaling improved business investment.
Consumer Goods Output
Everyday consumer goods output grew just 1.4%, suggesting households are spending carefully.
Core Industries Growth
India's nine core industries grew at a historic high of 7.9% in September 2026.
Mining Decline
Mining output contracted 6.2% year-on-year in September, down from a 4.6% contraction in August.
New IIP Series
The new IIP series uses 2022-23 as the base year, replacing the 2011-12 series.
Sectoral Breakdown
17 of 23 manufacturing industry groups recorded positive growth, with rubber and plastic products rising 19.9%.
Investment Trends
Capital goods output rose 10.4%, infrastructure goods grew 7.2%, and intermediate goods expanded 12.2%.
Future Outlook
Economists expect IIP growth to stay above 7% but below August's 7.8% for the quarter.
The headline
India's industrial output grew 6.7% in September, led by manufacturing and electricity generation, with mining output declining.
