Growth in India’s industrial production moderated to 4.0% YoY in Aug-25 from 4.3% in Jul-25.
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Sep 29, 2025
QuantEco Research | Aug-25 IIP - Not so august a print
The moderation was predominantly on account of the manufacturing sector (as per sectoral classification) and the consumer goods sector (as per use-based classification). Domestic investment-oriented policy push continues to play a supportive role even as the external outlook has witnessed buildup of considerable adversity in recent months. Going forward, the cyclical support from monsoon and lower inflation/interest rates coupled with a significant reduction in GST rates would help buoy industrial production..