Index of Industrial Production sustains growth momentum, grows by 4.8% (Quick Estimate) in January 2026: PHDCCI
“Recent data on industrial production indicate that India’s manufacturing sector continues to remain a key driver of overall industrial growth. Steady expansion in manufacturing and electricity output were key factors supporting increase in IIP numbers. The fact that a majority of manufacturing industry groups registered positive growth reflects broad-based industrial activity and sustained momentum supporting stable IIP numbers said Rajeev Juneja, President, PHDCCI.”
City Air News
Mar 2, 2026 05:13
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New Delhi, March 2, 2026: “Recent data on industrial production indicate that India’s manufacturing sector continues to remain a key driver of overall industrial growth. Steady expansion in manufacturing and electricity output were key factors supporting increase in IIP numbers. The fact that a majority of manufacturing industry groups registered positive growth reflects broad-based industrial activity and sustained momentum supporting stable IIP numbers said Rajeev Juneja, President, PHDCCI.”
The Index of Industrial Production (IIP) registered a sustained growth of 4.8% for the month of January 2026, primarily driven by the growth in the Manufacturing sector, 4.8% and growth in the Electricity sector, 5.1%, he added. This jump in electricity growth, a key high frequency indicator, reflects the robustness of manufacturing activity, he added.
The manufacturing sector registered robust growth (4.8%), as 14 out of 23 industry groups at NIC 2 digit-level recorded a positive growth in January 2026 over January 2025.
The top three positive contributors for the month of January 2026 are – “Manufacture of basic metals” (13.2%), “Manufacture of motor vehicles, trailers and semi-trailers” (10.9%) and “Manufacture of other non-metallic mineral products” (9.9%), he added.
Based on use-based classification, Infrastructure/ construction goods, witnessed a significant jump of 13.7% (over January 2025) and were top contributor to the growth of IIP said Mr. Juneja.
“Looking ahead, the growth momentum in the industrial sector will depend on domestic consumption and infrastructure demand. However, given the recent geopolitical tension in Middle East it is important that we continue to build on our manufacturing competitiveness to keep the growth momentum going said Dr. Ranjeet Mehta, CEO& SG, PHDCCI.”
