FX.co ★ India Industrial Production Growth Slows Sharply

In October 2025, India's industrial production experienced a modest increase of 0.4% compared to the same month the previous year. This follows a revised 4.6% growth in September, falling short of market predictions of 3.6%. This signifies the slowest annual growth rate since August 2024, when industrial output had stagnated. A notable decline of 6.9% was observed in electricity production, attributed to prolonged rainfall and mild temperatures in various states. While mining faced a decrease of 1.8%, manufacturing output saw an uptick of 1.8%. The Ministry of Statistics & Programme Implementation attributed the sluggish growth in industrial production to fewer working days, owing to several festivals, such as Dussehra, Diwali, and Chhath. When looking at the period from April to October, industrial production saw an overall increase of 2.7%.