India's industrial output falls to 4.8% in Jan 2026 against 8% in Dec 2025

January's industrial output growth was pulled down by subdued performance in the mining and manufacturing sectors, the data showed

India’s industrial output, as measured by the Index of Industrial Production (IIP), stood at 4.8 per cent in January 2026, compared to 8 per cent (revised) in December 2025, according to the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday.

 

January growth was pulled down by subdued performance in the mining and manufacturing sectors, the data showed. The manufacturing sector's output growth decelerated to 4.8 per cent in January 2026, from 5.8 per cent in January 2025. Mining production growth also slowed marginally to 4.3 per cent compared to a growth of 4.4 per cent recorded a year ago. Power generation, however, grew by 5.1 per cent in January 2025, compared to 2.4 per cent expansion in the year-ago period.

 

 

Within the manufacturing sector, 14 out of 23 industry groups registered positive growth in January 2026 compared with January 2025. The main contributors to the rise included the manufacture of basic metals, motor vehicles and components, and other non-metallic mineral products, the ministry said.

 

Basic metals growth stood at 13.2 per cent and was driven by products such as flat alloy-steel items and mild-steel coils and sheets. Meanwhile, motor vehicles and related segments grew 10.9 per cent on the back of stronger commercial vehicles, auto components and bus chassis output. Cement, cement clinkers and stone chips helped lift production in non-metallic mineral products to 9.9 per cent.

 

Infrastructure and construction goods recorded the highest annual growth at 13.7 per cent, followed by intermediate goods at 6 per cent and consumer durables at 6.3 per cent. Primary goods grew by 3.1 per cent and capital goods by 4.3 per cent, while consumer non-durables saw a contraction of 2.7 per cent in January 2026 compared with a year earlier.