IIP Growth at 3% in March: Sector-wise Data
Why in the news
March industrial output data released in late April 2025 showed a modest rebound, though the full year was the weakest in four years.
Key facts
- March IIP: 3% growth versus February’s 2.72%.
- FY25 IIP: 4%, weakest in four years; FY24 was 5.9%.
- Icra’s chief economist Aditi Nayar flagged that the earlier data release affects the March estimate, so more revisions are likely.
| Use-based category | Growth |
|---|---|
| Infrastructure industries | 6.6% |
| Capital goods | 5.5% |
| Intermediate goods | 4.1% |
| Primary goods | 3.9% |
| Consumer durables | 7.9% (led by electronics and computers) |
| Consumer non-durables | Contraction of 1.6% |
Sector view for March
- Electricity: 6.3% growth, the leader.
- Manufacturing: 3%.
- Mining: decline of 0.4%.
About IIP
- A composite indicator of short-term change in the volume of output of a basket of industrial products, covering mining, manufacturing and electricity.
- It is a weighted average, with weights reflecting each item’s importance.
- Compiled and published monthly by the Central Statistical Organisation (CSO); helps policymakers, economists and investors judge industrial health.
Outlook
- US export frontloading needs watching to see whether it reflects redirection from other regions or a genuine rise in output.
Exam angle
- Compiler: Central Statistical Organisation; frequency: monthly.
- Numbers: 3% (March), 2.72% (February), 4% (FY25), 5.9% (FY24).
- Related terms: IIP, use-based classification, frontloading.