Workers assemble mobile phones at the NOIXON technology factory, India, on January 28, 2021.
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India’s industrial production rose 0.4% in October, a 14-month low, a 14-month low, reflecting a sharp slowdown in the economy.
The index of industrial production (IIP) fell 4% growth in September and below 3.1% of economists in a Reuters poll.
Internal consumption Improved Across commodity categories, tax cuts on goods and services have been cut since September.
The Ministry of Statistics and Program Implementation attributed the slowdown in industrial production to a decline in a number of holidays, including Dussehra and Dunawali. This is the lowest increase since August 2024.
In manufacturing, manufacturing rose 1.8% in January and 1.8% in September, while mining and electricity production fell 1.8% and 6.9%, respectively.
The growth rate of the three sectors, mining, manufacturing and electricity in October 2025 is -1.8%, 1.8% and -6.9%.
October was a key month for the economy as New Delhi softened the shocks by slowing domestic consumption 50% US tariff in Indian goods.
Despite tariffs, the Indian economy grew faster than expected in the September quarter higher than that 7.8% in the previous quarter.
The IIP data tracks short-run changes across the industrial basket. Eight cores, including steel, cement, power and fertilizers, account for 40% of the index’s weight.
September saw an increase in IIP 4.0% constant because the business is ahead 5 days festive season in October.