India Industrial Production Growth at 2-Year High

2025-12-29 11:00 By Andre Joaquim 1 min. read

The industrial production in India grew 6.7% from the previous year in November of 2025, accelerating from the upwardly revised 0.5% increase in the previous month, to mark the sharpest pace of expansion since October of 2023.

The robust growth pace pushed back against concerns that aggressive tariff hikes by the US government would drive a sustained slowdown in the Indian economy, especially as goods producers are likely paying for more expensive fuel after the US tariffed major Russian oil producers and distributors.

Growth was noted in manufacturing (8% vs 2% in October) on higher output of basic and fabricated metal products, pharmaceuticals, and motor vehicles.

Growth was also sharp for mining (5.4% vs -1.8%) as the closure of the monsoon season supported operations.

On the other hand, electricity output fell for a second month (-1.5% vs -6.9%).



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The industrial production in India rose by 7.9% from the previous year in December of 2025, picking up from the upwardly revised 7.2% advance in the earlier month and above market expectations of a 5.5% rise to mark the sharpest pace of growth since October of 2023. The robust growth pace pushed back against concerns that aggressive tariff hikes by the US government would drive a sustained slowdown in the Indian economy, especially as goods producers are likely paying for more expensive fuel after the US tariffed major Russian oil producers and distributors. Output remained high for manufacturing (8.1% vs 8.5% in November), which is responsible for over 77% of total industrial production. Output also expanded for mining (6.8% vs 5.8%) and electricity generation (6.3% vs -1.5%).
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