Growth in India’s industrial production decelerated to a 10 month low of 1.5% YoY in Jun-25 from 1.9% in May-25
Download ReportQuantEco Research | Jun-25 IIP - Underwhelming performance
Growth in India’s industrial production decelerated to a 10 month low of 1.5% YoY in Jun-25 from 1.9% in May-25. Mining, utilities, primary goods, and consumer non-durables posted annualized contractions. While consumption oriented industrial production remains weak, the recent loss in IIP momentum can also be traced to the early onset of monsoon having a disruptive impact on mining activity. Going forward, the reshaping of global trade relations will influence the magnitude as well as the nature of India’s industrial production. While global developments present a somber outlook for the near term, there’s an emergence of a silver lining on the domestic front. Lagged impact of the ongoing monetary and credit easing, a seasonal kicker from a surplus monsoon, and a one-time income tax relief provided in the FY26 Union Budget should mitigate some of the external risks.