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Informist, Monday, Sept. 28, 2026

 

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--India Aug IIP growth 8% 
--India Aug IIP growth 8% vs 6.7% July 
--Informist Poll estimated Aug IIP growth at 7.0% 
--India Apr-Aug IIP growth 6.7% vs 4.2% year ago 
--India Aug mining, quarrying sector output growth (-)5.6% vs 15.8% year ago 
--India Aug manufacturing sector output growth 9.0% vs 3.6% year ago 
--India Aug electricity, gas supply sector output growth 12.3% vs 3.7% yr ago 
--India Aug water supply sector output growth 6.3% vs 6.9% year ago 
--India Aug primary goods output growth 3.5% vs 7.6% year ago 
--India Aug capital goods output growth 16.9% vs 6.0% year ago 
--India Aug intermediate goods output growth 13.7% vs 3.3% year ago 
--India Aug infrastructure goods output growth 12.0% vs 9.2% year ago 
--India Aug consumer durables output growth 11.1% vs 0.9% year ago 
--India Aug consumer non-durables output growth 2.1% vs 0.1% year ago

 

NEW DELHI – India's industrial output, as measured by the Index of Industrial Production, grew 8.0% in August, led by higher manufacturing and electricity output. Data released by the statistics ministry Monday showed that India's factory output growth accelerated from 7.4% in July. The July print was revised upwards from the provisional estimate of 6.7%. 

 

Industrial growth in August was above consensus. According to an Informist poll, industrial growth was seen at 7.0% in August. Industrial output rose 4.7% in August last year.

 

Overall industrial growth was supported by manufacturing output, which grew 9.0% on year in August, compared with 3.6% a year ago and 8.2% in July. Growth in manufacturing output was "aided by a favourable base on account of inventory recalibration in the year-ago month ahead of the implementation of the GST (goods and services tax) rate cuts," Rahul Agrawal, principal economist at ICRA, said in a note.

 

Output of the electricity and gas supply sector grew 12.3% in August, the fastest growth in 27 months, compared with 3.7% in August last year and 8.7% in July. Electricity generation rose 13.3% in August, with generation from renewable and non-renewable sources rising 15.4% and 12.3%, respectively. The sector's growth was limited by gas supply production, which contracted 2.4% in August.

 

Growth in the water supply, sewerage and waste management sector slowed to 6.3% in August from 6.9% a year ago and 7.4% in July. Output of the mining and quarrying sector contracted 5.6% in August, the steepest decline in the new IIP series. The sector's output grew 15.8% a year ago and contracted 0.9% in July. The contraction in August was mainly due to lower production of non-metallic minerals and fuel minerals, which declined 12.8% and 5.7%, respectively, on year.

 

Under the use-based classification, output of capital goods, intermediate goods, infrastructure and construction goods, and consumer durables grew by double digits in August. Capital goods output, the fastest-growing among the six use-based categories, grew 16.9% in August, up from 6.0% a year ago but slower than 19.0% in July. Intermediate goods output rose 13.7% from 3.3% a year ago, while consumer durables output grew 11.1% from 0.9% a year ago.

 

Infrastructure and construction goods output rose 12.0% in August from 9.2% a year ago and 8.0% in July. Primary goods output growth moderated to 3.5% in August from 7.6% a year ago and 4.2% in July. Consumer non-durables output grew 2.1% in August, up from 0.1% a year ago. The sector had contracted 0.8% in July.

 

In Apr-Aug, the first five months of 2026-27, India's factory output rose 6.7% on year compared with 4.2% in the corresponding period a year ago. IIP growth averaged 7.7% in Jul-Aug, up from 6.2% in Apr-Jun, suggesting industrial volume growth remained strong in these months and should partly offset the likely impact of margin pressure from the renewed surge in global commodity prices on Jul-Sept GDP growth, Agrawal said. 

 

The following tables detail year-on-year changes in industrial output in August:

 

	Aug-26	Jul-26	Aug-25
General	8.0%	7.4%	4.7%
Mining and Quarrying	(-)5.6%	(-)0.9%	15.8%
Manufacturing	9.0%	8.2%	3.6%
Electricity and Gas Supply	12.3%	8.7%	3.7%
Water Supply, Sewerage, and Waste Management	6.3%	7.4%	6.9%
Primary Goods	3.5%	4.2%	7.6%
Capital Goods	16.9%	19.0%	6.0%
Intermediate Goods	13.7%	10.4%	3.3%
Infrastructure/Construction Goods	12.0%	8.0%	9.2%
Consumer Durables	11.1%	12.0%	0.9%
Consumer Non-durables	2.1%	(-)0.8%	0.1%

 

 

	Mining and Quarrying		Electricity and Gas Supply		Manufacturing		Water Supply, Sewerage, and Waste Management		General
	FY27	FY26	FY27	FY26	FY27	FY26	FY27	FY26	FY27	FY26
April	106.1	110.3	121.7	116.3	118.7	111.9	146.1	137.1	118.2	112.7
May	113.1	114.7	130.1	117.9	122.2	116.2	145.1	137.6	122.5	116.7
June	110.6	108.9	131.8	118.4	125.3	114.4	145.7	137.3	124.8	114.7
July	94.4	95.3	133.5	122.8	128.4	118.7	148.4	138.2	125.6	117.0
August	85.7	90.8	133.9	119.2	126.6	116.2	147.6	138.8	123.3	114.2
September		96.4		115.6		119.0		138.4		116.5
October		105.9		105.6		112.5		141.2		111.6
November		106.9		98.7		117.3		140.5		114.6
December		117.8		111.1		125.6		141.3		123.5
January		120.6		115.0		124.0		142.7		123.0
February		114.7		107.0		119.2		143.4		117.9
March		125.4		119.2		131.4		146.3		129.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Ministry of Statistics and Programme Implementation

 

End

 

Reported by Radhika Tiwari

Edited by Saji George Titus

 

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