Index Of Industrial Production (iip)

IIP data for June 2025 reveals that 10 out of 23 manufacturing segments are producing less today than before the pandemic, exposing a structural crisis that's forcing millions into low-productivity jobs rather than the industrial employment India needs

Data Story: India’s industrial engine sputters at FY26 start as consumer goods production slumps

FY26 began on a worrying note for Indian industry, with IIP growth sharply slowing as consumer goods production continues to contract

Is industrial production rising or falling? Depends on what you’re looking at

The picture painted by the month-on-month data is completely different from the year-on-year figures. We badly need seasonally adjusted data

The many mysteries of the Index of Industrial Production

Out of 23 manufacturing sectors, as many as 15 sectors had a higher production level in August 2018 than in August 2024

What the July IIP numbers say about consumption, capex

Consumer durables production was up a strong 8.21 percent, but the output of consumer non-durables was lower by 4.36 percent from a year ago

Industrial production shrinks in June from the previous month

Consumer durables production in June contracted by 2.53 percent from the previous month, while consumer non-durables output shrank by 5.86 percent

IIP numbers show long-term decline in capital goods production

The sub-index of capital goods production in February 2024 was not only lower than in February 2019, but 10.6 percent lower than its level in February 2018

What does the index of industrial production say about consumption?

The IIP data show that while the production of consumer non-durables has been sluggish, the numbers on the domestic production of consumer durables are downright alarming

Which manufacturing industries are seeing high growth, which ones are shrinking? 

As many as 14 out of 23 manufacturing industry groups have grown in the past one year, according to Index of Industrial Production data

Jaw-dropping numbers from the Index of Industrial Production

Twelve out of the 23 manufacturing industries that make up the IIP are at levels lower than 7 years ago 

IIP, CPI data show strong growth resulting in elevated core inflation

Retail inflation for the third quarter of 2022-23 has come in at 6.1 percent, well below RBI’s estimate of 6.6 percent 

Is consumer staples production really at the same level as it was five years ago?

If the IIP numbers are correct, industrial production growth is vastly at odds with the upbeat picture of a robust recovery painted by the Reserve Bank of India and government agencies 

The worst of both worlds -- Inflation up, industrial production shrinks 

Monetary Policy committee members have expressed concern about the impact on inflation expectations of prolonged high inflation

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Retail inflation surged across the board in March

While consumer price inflation has gone up sharply, the index of industrial production shows the recovery is far from broad-based 

Chart of the Day | Industrial Output: Slowdown, what slowdown?

Although the year-on-year data indicate a slowdown in industrial growth in October 2021, the month-on-month numbers show a substantial jump

IIP grows by 3.2% in October 2021

The index of industrial production during the month stood at 133.7, with mining, manufacturing and electricity sectors recording indices of 109.7, 134.7 and 167.3, respectively.

Chart of the Day | Month-on-month retail inflation edged higher in July

The various measures of core inflation all went up month-on-month, although they fell on a year-on-year basis due to base effects

IIP paints a bleak picture of discretionary consumption

The index of consumer durables production was lower in April 2021 than in April 2016

IIP data show a weak recovery, could dull inflation risk

Month-on-month consumer price inflation is benign; the restrictions on business because of the second wave will weaken the recovery  

CPI inflation surges to 5.03% in February; IIP recedes by 1.6% in January

Driven by the surge in food and fuel prices, the retail inflation rate has reached its highest mark in the past three months.

Chart of the Day | Post-festive industrial blues

All the sub-indices of the index of industrial production came in lower in November, except for mining and consumer staples

The slight growth in industrial production in September is largely a mirage

The 0.2 percent growth in September 2020 is on top of a contraction of 4.6 percent in September 2019

IIP data show the depth of the downturn

The Index of Industrial Production in June 2020 was lower than in June 2014

June CPI cools down; May IIP falls to 1.7%: Room for rate cut opens up, say experts

India's retail inflation cooled down to 1.54 percent in June from 2.18 percent in May, mainly due to goods and services tax-induced discounts. Core inflation rate was at 3.8 percent versus 4.2 percent month on month and food inflation came in at -1.17 percent versus -1.05 percent MoM.