India’s Index of Industrial Production rose 4% year-on-year in August 2025, powered by electricity (+9.1%) and mining (+7.3%), while manufacturing grew modestly. Analysts said resilient domestic demand and improved supply chains supported output. With inflation easing and momentum in infrastructure spending, consensus keeps FY26 GDP growth near 6.8%. Policy watchers expect targeted measures to lift manufacturing capex and export competitiveness into H2.