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High Frequency Indicators · IIP

Monthly pulse · MoSPI / NSO

Factory Output, Month by Month

The Index of Industrial Production is India's broadest monthly read on the factory floor — how much the country actually made, across mining, manufacturing and power. Split it two ways: by sector (mining, manufacturing, electricity) or by what the goods are for — primary, capital, intermediate, infrastructure, and consumer durables vs non-durables. Track the headline, then open up any strand. Numbers are MoSPI's own, to the month.

How to read this. The IIP measures the volume of output of India's factories, mines and power plants on base 2011–12 = 100. The General index is the whole; Manufacturing alone is 77.6% of it, with Mining (14.4%) and Electricity (8.0%) the rest. The use-based cut regroups the same output by purpose. "Growth" is the year-on-year change; the index is not seasonally adjusted (March is a year-end peak), so read it year-on-year. The deep April 2020 trough is the COVID lockdown — capital goods and consumer durables output nearly stopped. The latest month is provisional (shown dashed); March 2025, which MoSPI's eSankhyiki 2011–12 series omits, is reconstructed from the official March 2026 growth rate. Use the Base year switch to flip between the retired 2011–12 series (full history to March 2026) and MoSPI's new 2022–23 series (current, from April 2023 — a shorter span but live). The two use different weights, so growth for the same month can differ a little — both are MoSPI's own figures.
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Factory Output
Index of Industrial Production (base 2011–12=100), year-on-year — the broadest monthly read on how much India actually makes.
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politypolicy.com · by Tushar Gupta

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High Frequency Indicators · India, in Numbers
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