Date of Release: April 28, 2025
Source: Ministry of Statistics & Programme Implementation, Government of India
Introduction
In a significant development for the Indian economy, the Index of Industrial Production (IIP) has recorded a growth rate of 3.0% for March 2025 compared to the previous month of February 2025. This growth highlights positive momentum in India’s industrial sector as it continues to recover from the impacts of the COVID-19 pandemic and aims for higher productivity and output levels.
The IIP measures the industrial output of various sectors including mining, manufacturing, and electricity, and is crucial for assessing the performance of the country’s industrial activities.
Key Highlights
- Growth Rate:
- The IIP growth rate for March 2025 stands at 3.0%, an increase from 2.9% in February 2025.
- The overall index value is reported at 164.8 against 160.0 in March 2024.
- Sectoral Performance:
- Mining: Growth rate of 0.4%.
- Manufacturing: Growth rate of 3.0%.
- Electricity: Growth rate of 6.3%.
- Growth Contributions:
- Within the manufacturing sector, 13 out of 23 industry groups exhibited positive growth in March 2025 compared to March 2024.
- Top contributors include:
- Manufacture of basic metals: 6.9%
- Manufacture of motor vehicles, trailers and semi-trailers: 10.3%
- Manufacture of electrical equipment: 15.7%
- Use-Based Classification:
- Primary Goods: Index stands at 168.2 with a growth of 3.1%.
- Capital Goods: Index stands at 134.8 with a growth of 2.4%.
- Intermediate Goods: Index stands at 173.1 with a growth of 2.3%.
- Infrastructure/Construction Goods: Index stands at 212.3 with a robust growth rate of 8.8%.
- Consumer Durables: Index stands at 138.5 with a growth of 6.6%.
- Consumer Non-Durables: Index stands at 147.9 with a decline of -4.7%.
- Revisions and Response Rates:
- The Quick Estimate for March 2025 was compiled at a weighted response rate of 88%.
- The indices for December 2024, January 2025, and February 2025 have undergone final revisions based on updated data from source agencies.
- Next Release Date:
- The next IIP report for April 2025 is scheduled for release on May 28, 2025.
Detailed Findings
Statement I: Index of Industrial Production – Sectoral (Base 2011-12=100)
| Month | Mining | Manufacturing | Electricity | General |
|---|---|---|---|---|
| March 2024 | 156.2 | 156.2 | 204.2 | 160.0 |
| March 2025* | 156.8 | 160.9 | 217.1 | 164.8 |
| Growth (%) | 0.4% | 3.0% | 6.3% | 3.0% |
*Figures for March 2025 are Quick Estimates.
Statement II: Index of Industrial Production – 2-Digit Level (Base 2011-12=100)
| Industry Code | Industry Description | March 2024 | March 2025* | % Growth |
|---|---|---|---|---|
| 24 | Manufacture of basic metals | 232.1 | 248.0 | 6.9% |
| 29 | Manufacture of motor vehicles, trailers | 130.5 | 143.9 | 10.3% |
| 27 | Manufacture of electrical equipment | 124.7 | 144.3 | 15.7% |
| 10 | Manufacture of food products | 142.4 | 131.0 | -8.0% |
Statement III: Index of Industrial Production – Use-Based
| Category | March 2024 | March 2025* | % Growth |
|---|---|---|---|
| Primary goods | 163.1 | 168.2 | 3.1% |
| Capital goods | 131.6 | 134.8 | 2.4% |
| Intermediate goods | 169.2 | 173.1 | 2.3% |
| Infrastructure goods | 195.2 | 212.3 | 8.8% |
| Consumer durables | 129.9 | 138.5 | 6.6% |
| Consumer non-durables | 155.2 | 147.9 | -4.7% |
*Figures for March 2025 are Quick Estimates.
Conclusion
The Index of Industrial Production for March 2025 exhibits positive growth across various industrial sectors and classifications, pointing towards a recovering economy. It is essential for businesses and analysts alike to study these trends closely, as the data not only reflects current industrial performance but also sets the stage for future planning and policy-making.
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