IIP DATA
India's services economy stays resilient as 17 sectors post growth
India's services sector recorded widespread growth in August, with 17 of the 19 tracked segments expanding and 13 registering double-digit gains, according to the trial Index of Service Production (ISP). Retail trade led the expansion with 19.9% year-on-year growth, followed by repair services and real estate at 17.6% each. Banking, insurance and IT services also reported strong growth, while CareEdge Ratings estimated overall services output rose 14%.
India's industrial growth slows to 6.7% in September from 8% in August
India's Index of Industrial Production for September recorded a growth rate of 6.7%. This figure represents a decline from August's 8%. Key contributors to this growth include the manufacture of motor vehicles and electrical equipment, among others. The manufacture of rubber and plastics also played a significant role in September's performance. These statistics were released by the Ministry of Statistics and Programme Implementation.
FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead?
The Nifty 50 declined in all four sessions of the holiday-shortened week, hitting an intraweek low of 22,372 on Friday before closing 2.4% lower at 22,600. The Bank Nifty fell 2.8%, while the Nifty Midcap 100 and Nifty Smallcap 100 plunged 5.6% and 7.3%, respectively, as selling pressure intensified beyond frontline stocks.
Core output grows at series high of 7.9% in Sept
India's core sector output growth for September recorded a remarkable 7.9%, driven largely by expansion in coal and electricity. Notably, refinery products and iron ore also contributed to this growth, supported by a favorable base effect. Coal production saw a sharp rebound with a growth rate of 10.7% following previous negative trends. Electricity generation growth declined slightly, impacted by heatwave conditions in the country.
India’s infrastructure output jumps 7.9% in September on strong coal, steel growth
The latest numbers from the Indian government show that the country's infrastructure output has jumped by 7.9% compared to last year, as of September. This index measures the activity across nine different sectors, which gives us a good idea of how the economy is doing. It's a positive sign for growth!
Textile output surges, but apparel production stays in the red. What’s driving the divergence?
Government data reveals growth of 8 percent in industrial output for August 2026, driven by manufacturing. Apparel production, however, declined by 7.4 percent in the same month, indicating ongoing challenges. In contrast, the textile industry has shown strong growth of 13.1 percent, signaling a divergence in trends. Experts suggest that upcoming festive seasons could boost demand for apparel manufacturing in the near future.
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$2 billion gone in two days! FIIs accelerate selling as Nifty, Sensex set to fall for 8th week running. Will they make a comeback?
Foreign institutional investors pulled out over Rs 20,000 crore from Indian equities in two trading sessions as the Nifty and Sensex head for an eighth straight weekly decline. Elevated crude prices, high US bond yields and rate concerns have weighed on sentiment, while analysts differ on the outlook for foreign inflows.
India’s new services speedometer flashes green across 17 sectors
Index of Services Production: In July, India's services sector experienced significant growth, with 17 of 19 sub-sectors reporting year-on-year increases. Administrative and support services demonstrated the highest growth rate at 20.9%, while retail trade followed closely at 18.5%. The newly introduced Index of Services Production provides timely insights into economic activity within this sector. Although many services grew, some areas like air transportation and repair services faced contractions.
IIP growth comes in at 8% in August compared with 7.4% in July
Manufacturing set a record by growing at 8% or more in the past three consecutive months.
Nifty logs 7th straight weekly loss for the first time in 6 years: Time to be fearful, or can bulls pull off a comeback?
Indian equities extended their losing streak to seven weeks as elevated crude prices, rising US Treasury yields, geopolitical uncertainty and FII outflows pressured sentiment. Next week, investors will track oil, global yields, US economic data, Fed commentary, domestic growth indicators and key Nifty levels.
August core sector growth hits 3-month low as energy sectors lose steam
India's core sector output growth slowed to 4.8 percent in August. This easing was due to contractions in energy sectors and an unfavorable base. Fertilizer production declined significantly for the sixth consecutive month. However, electricity and cement sectors showed strong growth during this period. Cumulative core sector growth for April-August rose to 4.3 percent.
India's core sector output slows to 4.8% in August as coal, gas, crude oil and fertilisers contract
India’s core sector output growth slowed to 4.8% year-on-year in August 2026 from 5% in July, provisional government data showed. Cement, electricity and iron ore led growth, while coal, natural gas, crude oil and fertilisers contracted. Cumulative core sector growth during April-August stood at 4.3%, against 2.4% a year earlier.
India has shown ‘quite a lot of resilience’ to oil price shock, says IMF as it welcomes stronger statistical framework
Acknowledging India's strength in weathering increased energy prices, the International Monetary Fund has praised the country's economic stability during a tumultuous global landscape. The real GDP growth for the April-June quarter notably exceeded initial expectations. While the IMF appreciates advancements in statistical frameworks, it calls for persistent improvements in data quality. Anticipated growth projections for India will be published in October.
IMF welcomes India's efforts to modernise statistical framework
The IMF welcomes India's statistical framework modernization efforts. New industrial production and producer price indexes will improve GDP estimate accuracy. India's second-quarter real GDP growth exceeded expectations at 7.8 percent. This growth was driven by strong services sector activity and exports. India continues to be a significant global economic growth engine.
ETMarkets Smart Talk | Don't dismiss 7.8% GDP growth as a statistical upgrade; the acceleration is real: Garima Kapoor
According to Garima Kapoor, Deputy Head of Research and Economist at Elara Capital, it would be wrong to dismiss the growth number as merely a statistical upgrade.
Industrial output grows 6.7% in July
India's industrial output saw a 6.7% growth in July. Manufacturing output increased by 7.3% year-on-year during the same period. Electricity generation also rose by 8.7% in July. Consumer durables surged to an eight-month high, driving overall growth. Capital goods output also showed a significant increase.
India’s industrial output slows to 6.7% in July from 7.3% in June
India’s industrial growth slowed to 6.7% in July from 7.3% in June, government data showed. Manufacturing and electricity supported growth, while mining contracted. Capital goods recorded the strongest expansion at 16.1%, while consumer non-durables declined 1%.
Industrial output growth drops to six-month low at 2.9% in February
India's industrial output, gauged by the Index of Industrial Production, saw a slower increase of 2.9% in February 2025. Data released by the Ministry of Statistics and Programme Implementation reveals this. Mining, manufacturing, and electricity sectors grew by 1.6%, 2.9%, and 3.6% respectively. The IIP stood at 151.3, up from 147.1 in February 2024. Sector-specific indices show Mining at 141.
Industrial production growth declines to 1.1% in March
The index of industrial production grew 1.1% in the month of March, according to official data released on Friday. It had risen 5.6% in February. Factory output measured in terms of the Index of Industrial Production (IIP) grew 2.2 per cent in March 2022.
IIP data: India's industrial output rises 5.6% in February
For the 11-month period from April 2022 to February 2023, industrial output registered a growth of 5.5%. Separate data released today showed India's annual retail inflation eased to 5.66% in March from 6.44% the previous month.
Markets may trade weak in truncated week
Markets will remain closed on Thursday on account of Ambedkar Jayanti and on Friday for Ram Navami. CPI and IIP data could be the triggers for the market.
India Inc worried as IIP plunges to 4-year low
Expressing concern over industrial output, which contracted by 3.2 per cent in November, India Inc today urged the government to implement structural reforms to revitalise investments and stimulate demand.
Manufacturing PMI inches up, but contraction continues
Seasonally adjusted HSBC PMI rose to 49.6 in September from 48.5 in August. A reading of 50 separates growth from contraction.
Indirect tax collections rise by 20% to Rs 4.17 tn in Apr-Feb
Indirect tax collections has registered growth of 20 per cent to Rs 4.17 lakh crore in April-February period of the ongoing fiscal.
Boost investment in infrastructure
Ruthlessly excise all obstacles to projects taking off, including dithering babus.
Reliability of IIP data a concern: Gaurav Kapur, RBS
In an interview with ET Now, Gaurav Kapur, Senior Economist, RBS, talks about the September IIP data. Excerpts:
IIP data improves after several months of stagnant growth
But there seem glaring discrepancies in the IIP data in several other sectors. They need correcting.
IIP data's effect on case to case basis: Ashwani Gujral
It is just mild letting off steam, nothing serious so this is just a pause and hopefully given the strength of the trend, it should resolve on the upside.
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