29 Apr '25
(Fibre2Fashion News Desk (DS): India’s index of industrial production (IIP) grew by 3 per cent in March, backed by electricity (6.3-per cent growth) and manufacturing (3-per cent growth), according to the Ministry of Statistics and Programme Implementation. This was higher than the February figure of 2.7 per cent.
Insights
India's index of industrial production (IIP) grew by 3 per cent in March, backed by electricity and manufacturing (3-per cent growth).
The IIP for textile manufacturing was 112.1 in March—a 4.9-per cent YoY growth—and 109.2 for FY25—a 1.5-per cent YoY growth, whereas the same for garment manufacturing was 144.8 in March—a 1.3-per cent YoY growth—and 116.7 for FY25—a 6.2-per cent YoY growth.
For fiscal 2024-25 (FY25), industrial production registered an average growth of 4 per cent versus 5.9 per cent in FY24.
The industry’s share is around 28 per cent in the country’s gross domestic product (GDP).
Within the manufacturing sector, 13 of 23 industry groups saw positive growth in March compared to the same month last year. The IIP for manufacturing for March stood at 160.9, a release from the ministry said.
The IIP for textile manufacturing was 112.1 in March 2025—a 4.9-per cent YoY growth—and 109.2 for FY25—a 1.5-per cent YoY growth, whereas the same for garment manufacturing was 144.8 in March—a 1.3-per cent YoY growth—and 116.7 for FY25—a 6.2-per cent YoY growth.
(Source: Fibre2Fashion.com)