India’s Index of Industrial Production accelerates to 3% in March

India’s industrial production growth, measured by the Index of Industrial Production (IIP) accelerated to 3 percent in March, as compared to the revised growth rate of 2.7 percent in February, according to the data released by the Ministry of Statistics and Programme Implementation. Among the three major components of IIP, electricity generation grew by 6.3 percent, manufacturing rose 3 percent, and mining activity increased by 0.4 percent at a slower pace in



March as compared to the previous month. 

The corresponding growth rates of IIP as per use-based classification in March 2025 over March 2024 stood at 3.1 percent in Primary goods, 2.4 percent in Capital goods, 2.3 percent in Intermediate goods, 8.8 percent in Infrastructure or Construction Goods, 6.6 percent in Consumer durables and 4.7 percent contraction in Consumer non-durables.