Index of Industrial Production (IIP) – January 2026 

The Quick Estimate of the Index of Industrial Production (IIP) is released on the 28th of  every month (or the next working day if 28th is a holiday). The index is compiled based on  data received from source agencies, which in turn collect data from producing factories and  establishments. The Quick Estimates are subject to revision in subsequent releases as per  the IIP revision policy. 

IIP Growth – January 2026 

  • IIP Growth Rate (Jan 2026): 4.8% 
  • IIP Growth Rate (Dec 2025 – Quick Estimate): 7.8% 

This indicates a moderation in industrial growth compared to the previous month. 

  • IIP Index (Jan 2026): 169.4 
  • IIP Index (Jan 2025): 161.6 

Sector-wise Performance – January 2026 

Sector Growth Rate (%) Index Level
Mining 4.3% 157.2
Manufacturing 4.8% 167.2
Electricity 5.1% 212.1

Manufacturing Sector Analysis 

Within Manufacturing: 14 out of 23 industry groups (NIC 2-digit level) recorded positive  growth over January 2025. 

Top Three Positive Contributors 

1. Manufacture of basic metals – 13.2% 

2. Manufacture of motor vehicles, trailers and semi-trailers – 10.9%

3. Manufacture of other non-metallic mineral products – 9.9% 

IIP Use-Based Classification – January 2026

Category Index  LevelGrowth Rate (YoY)
Primary Goods 167.9 3.1%
Capital Goods 124.4 4.3%
Intermediate Goods 182.8 6.0%
Infrastructure / Construction Goods 227.7 13.7%
Consumer Durables 138.2 6.3%
Consumer Non-Durables 160.7 (-) 2.7%

Major Contributors (Use-Based) 

Top three positive contributors to IIP growth: 

1. Infrastructure/Construction Goods 

2. Intermediate Goods 

3. Primary Goods 

Notably, Consumer Non-Durables recorded negative growth, indicating possible demand side moderation in essential consumption categories. 

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