Industrial Production Index March 2026

Industrial Production Index (IIP) - March 2026 Overview

1. Growth Rate:

   • The Industrial Production Index (IIP) for March 2026 shows an annual growth of 4.1% compared to the previous year.
   • February 2026 had a growth rate of 5.2%.

2. Sector Contributions:

   • Mining: 5.5%
   • Manufacturing: 4.3%
   • Electricity: 0.8%
   • IIP value for March 2025 was 166.3, while March 2026 is 173.2.

3. Manufacturing Sector Breakdown:

   • Out of 23 industry groups in the manufacturing sector, 14 groups reported positive growth in March 2026.
   • Key contributors to growth:
     • Basic Metals Manufacturing: 8.6%
     • Motor Vehicles, Trailers, and Semi-Trailers Manufacturing: 18.1%
     • Machinery and Equipment Manufacturing: 11.2%

4. Detailed Production Figures:

   • Basic Metals: Key items include MS slabs, flat products of alloy steel, and light steel HR coils.
   • Motor Vehicles: Growth driven by auto components, commercial vehicles, and axles.
   • Machinery: Significant contributions from material handling equipment, agricultural tractors, and internal combustion engines.

5. Utilization-Based Classification:

   • Primary Goods Index: 173.3
   • Capital Goods: 156.2
   • Intermediate Goods: 181.4
   • Infrastructure/Construction Goods: 229.0
   • Consumer Durable Goods: 146.2
   • Consumer Non-Durable Goods: 150.6

6. Monthly and Yearly Comparisons:

   • Comparative growth rates for March 2026 against March 2025:
     • Primary Goods: 2.2%
     • Capital Goods: 14.6%
     • Intermediate Goods: 3.3%
     • Infrastructure/Construction Goods: 6.7%
     • Consumer Durable Goods: 5.3%
     • Consumer Non-Durable Goods: 1.1%

7. Data Collection Methodology:

   • The IIP is compiled based on data from source agencies, which gather statistics from manufacturing units.
   • Rapid estimates are subject to revision in subsequent publications.

8. Response Rates:

   • The rapid estimates for March 2026 and final revisions for February 2026 were compiled with weighted response rates of 88.50% and 91.86%, respectively.

9. Future Releases:

   • The IIP for April 2026 is scheduled for release on June 1, 2026.

Important Notes:

• The IIP serves as a crucial indicator for assessing the industrial performance of the economy and is a key component for policymakers and economists in evaluating economic health and trends.
• Understanding the contributions of different sectors helps in formulating targeted economic policies and initiatives to boost industrial growth.

References:

• More detailed information can be accessed through the Ministry of Statistics and Programme Implementation (MoSPI) website.