Archive · 1 Dec 2025
India's Industrial Production Slows in October
In October 2024, India's industrial production grew by only 0.4%, which is much slower than the 4% growth in September.
This slowdown happened because there were fewer working days due to festivals like Dussehra, Diwali, and Chhath.
Some industries did well, like making metals, petroleum products, and motor vehicles.
But mining and electricity production decreased.
Electricity use was lower because it rained a lot and the weather was cooler.
The government will release more updated numbers later.
India's Index of Industrial Production (IIP) grew by 0.4% in October 2024, down from 4% in September 2024.
The slowdown was attributed to fewer working days due to festivals and lower electricity demand caused by extended rainfall and cooler temperatures.
Mining output fell by 1.8%, while manufacturing grew by 1.8% and electricity generation dropped by 6.9%.
Key performers in manufacturing included basic metals (+6.6%), coke and petroleum products (+6.2%), and motor vehicles (+5.8%).
Infrastructure/construction goods grew by 7.1%, capital goods by 2.4%, while primary goods contracted by 0.6%.
- Who
- Government of India
- What
- Index of Industrial Production (IIP) growth in October 2024
- When
- October 2024
- Where
- India
- Why
- Fewer working days due to festivals and lower electricity demand due to extended rainfall and cooler temperatures
- IIP Growth in October 2024
- 0.4%
- IIP Growth in September 2024
- 4%
- Mining Output Change
- -1.8%
- Manufacturing Growth
- 1.8%
- Electricity Generation Change
- -6.9%
- Basic Metals Growth
- +6.6%
- Coke and Petroleum Products Growth
- +6.2%
- Motor Vehicles Growth
- +5.8%
- Infrastructure/Construction Goods Growth
- 7.1%
- Capital Goods Growth
- 2.4%
- Primary Goods Change
- -0.6%
- Durables Demand Change
- -0.5%
- Non-Durables Demand Change
- -4.4%
- Next IIP Release Date
- December 29, 2024
Sources
Power consumption dips to 123.4 billion units in Nov
India’s power consumption dips 0.31% in November as cooling demand falls
IIP slows to 0.4% in October, electricity down 6.9%
October IIP slows to 0.4% as festive holidays reduce working days
Coal stocks at thermal plants up 34% on year
