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India’s industrial growth eases to 3.5% in October as consumer goods output weakens
India’s IIP growth slowed to 3.
India’s Index of Industrial Production (IIP) grew 3.5 % in October 2025, slowing from 4.7 % in September due to a drop in consumer non-durables and capital goods output. The manufacturing sector expanded 3.1 %, electricity rose 5.8 %, and mining improved 2.3 %. Wholesale Price Index (WPI) inflation stood at -1 %, reflecting lower commodity prices and input costs.
Economists view the data as a sign of moderating demand ahead of the holiday quarter. Despite the slowdown, industrial growth remains in positive territory supported by infrastructure spending and automotive output.