Summary:

In March 2026, India's Index of Industrial Production (IIP) increased 4.1% year over year, demonstrating the country's ongoing industrial activity and manufacturing-led growth. The IIP increased from 166.3 in March 2025 to 173.2 thanks to increases in manufacturing of 4.3%, mining of 5.5%, and electricity of 0.8%. The expansion was aided by increased domestic demand, infrastructure spending, and improved capacity utilization. 14 out of 23 industry groups in manufacturing saw growth, with basic metals (8.6%), automobiles and trailers (18.1%), and machinery (11.2%) leading the way. While infrastructure and construction products gained 6.7%, capital goods increased 14.6%, indicating robust investment activity. The 5.3% growth in consumer durables is indicative of strong demand and general manufacturing competitiveness.

Source: IBEF

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