Growth in factory output, as measured by the Index of Industrial Production (IIP), slowed to 4.1 per cent in March from 5.2 per cent in February, the Statistics Ministry reported on Tuesday.
“IIP recorded a 4.1 per cent year-on-year growth in March 2026, supported by manufacturing sector (4.3 per cent) and Mining Sector (5.5 per cent),”a Ministry statement said.
Key highlights:
- The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of March 2026 are 5.5 per cent, 4.3 per cent, and 0.8 per cent, respectively.
- The top three positive contributors for the month of March 2026 are – “Manufacture of basic metals” (8.6 per cent), “Manufacture of motor vehicles, trailers and semi-trailers” (18.1 per cent) and “Manufacture of machinery and equipment n.e.c.” (11.2 per cent).
- In the industry group “Manufacture of motor vehicles, trailers and semi-trailers” item groups “Auto components/ spares and accessories”, “Commercial Vehicles” and “Axle” have shown significant contribution in growth.
- Growth rates of IIP as per Use-based classification in March 2026 over March 2025 are 2.2 percent in Primary goods, 14.6 percent in Capital goods, 3.3 percent in Intermediate goods, 6.7 percent in Infrastructure/ Construction Goods, 5.3 percent in Consumer durables and 1.1 percent in Consumer non-durables.
- Based on use-based classification, top three positive contributors to the growth of IIP for the month of March 2026 are Infrastructure/ construction goods, Capital goods and Primary goods.
Published on April 28, 2026