Workers assemble mobile phones astatine a Dixon Technologies mill successful Noida, India, connected Jan. 28, 2021.
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India's concern accumulation grew conscionable 0.4% successful October, a 14-month debased that indicated a crisp slowdown successful the economy.
The Index of Industrial Production (IIP) fell abbreviated of September's 4% growth and is adjacent lower than the 3.1% expected by economists successful a Reuters poll.
Domestic depletion improved crossed large user categories, aft a goods and services taxation chopped took effect Sept. 22.
The Ministry of Statistics & Programme Implementation said the dilatory concern accumulation maturation could beryllium owed to less fig of moving days due to the fact that of a fig of festivals including Dussehra and Deepawali. It is the lowest summation since August 2024.
Output successful the manufacturing assemblage roseate conscionable 1.8% successful October vs 4.8% successful September, portion mining enactment and energy accumulation deteriorated 1.8% and 6.9% respectively.
The maturation rates of the 3 sectors, Mining, Manufacturing and Electricity for the period of October 2025 are -1.8%, 1.8% and -6.9% respectively.
October has been a cardinal period for the economy, arsenic New Delhi rolled retired the GST reductions to spur home depletion and soften the stroke from the 50% U.S. tariff connected Indian goods.
Despite the tariffs, the Indian system grew faster than expected successful the 4th ending successful September, astatine an , up from 7.8% successful the erstwhile quarter.
The IIP information tracks short-term changes successful output across a handbasket of concern products. Eight halfway industries, including steel, cement, electricity, and fertilizer, relationship for 40% of the index's weight.
In September, IIP maturation held steady astatine 4.0% as businesses built inventories up of a 5-day festive season successful October.
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