|
India's Index of Industrial Production (IIP) recorded a 4.1 per cent year-on-year growth in March 2026, supported by expansion in the manufacturing and mining sectors, according to official data released by the Ministry of Statistics & Programme Implementation on Tuesday.
The IIP growth rate for March stood at 4.1 per cent, compared to 5.2 per cent in February 2026 (Quick Estimate), indicating a moderation in industrial activity during the month. Sector-wise, the mining sector grew by 5.5 per cent, while manufacturing expanded by 4.3 per cent. The electricity sector recorded a marginal growth of 0.8 per cent during the period. The overall IIP index stood at 173.2 in March 2026, up from 166.3 in March 2025. The indices for mining, manufacturing and electricity sectors were recorded at 166.8, 169.4 and 221.3 respectively. Within the manufacturing sector, 14 out of 23 industry groups at the two-digit National Industrial Classification (NIC) level registered positive growth. The top contributors included manufacture of basic metals, which grew by 8.6 per cent; manufacture of motor vehicles, trailers and semi-trailers at 18.1 per cent; and manufacture of machinery and equipment n.e.c., which expanded by 11.2 per cent. In use-based classification, infrastructure and construction goods, capital goods and primary goods emerged as the top contributors to IIP growth during March 2026. The indices for primary goods, capital goods, intermediate goods and infrastructure/construction goods stood at 173.3, 156.2, 181.4 and 229.0 respectively. Consumer durables and consumer non-durables were recorded at 146.2 and 150.6 respectively. Growth rates across categories showed capital goods registering the highest expansion at 14.6 per cent, followed by infrastructure/construction goods at 6.7 per cent and consumer durables at 5.3 per cent. Intermediate goods grew by 3.3 per cent, while primary goods and consumer non-durables recorded modest growth of 2.2 per cent and 1.1 per cent respectively. The Quick Estimates for March 2026 were compiled at a weighted response rate of 88.50 per cent, while the final revision for February 2026 was based on a response rate of 91.86 per cent. The next release of the Index of Industrial Production for April 2026 is scheduled for June 1, 2026. (ANI)
|
