India's industrial production growth rises to 4%, led by mining
What's the story
India's industrial production growth accelerated to 4% in August, from 3.5% in July, according to the latest data released by the National Statistical Office (NSO). The slowdown comes as a result of a decline in the manufacturing sector's output growth rate. However, it was partially offset by strong performance from other sectors such as mining and electricity generation.
Sector performance
Mining sector contributes significantly to industrial output growth
The mining sector made a major contribution to the industrial output growth, with an impressive 6% increase in August. This is a big jump from the -7.2% recorded in July. Manufacturing production also saw a rise of 3.8%, while power generation increased by 4.1%, up from 3.7% in July, according to NSO data.
Yearly comparison
Cumulative growth in industrial production during April-August
Between April and August of FY26, the overall industrial production grew by 2.8% as opposed to 4.3% in the same period last year. The data shows a slowdown in industrial activity compared to the previous year. The NSO's report highlights sectoral contributions to India's industrial output, with mining and power generation showing significant growth, while manufacturing production increased in August but at a slower rate compared to July.