Growth in India’s industrial production accelerated to a 25-month high of 6.7% YoY in Nov-25 from 0.5% in Oct-25.
Download ReportQuantEco Research | Nov-25 IIP - Strong rebound post the exaggerated dip
A sharp rebound in IIP in Nov-25 was led by the Manufacturing and Mining sectors on the sectoral side, and investment-oriented and consumption-oriented goods on the use-based side. On a cumulative basis, the FY26 festive season for IIP has ended with a 3.9% annualized expansion, broadly in line with the 4% median expansion seen during the festive season in the current data series. The investment-oriented policy push has underpinned overall IIP performance so far. Going forward, the cyclical support from monsoon and lower inflation/interest rates, coupled with GST rationalization, would help buoy consumption-oriented industrial production. This would help to mitigate the risks from an adverse global environment. Meanwhile, the announcement of the India-US trade deal in the near term would be positive.