India’s Industrial Production Rises 5.2 Percent in February
New Delhi – India’s industrial production recorded a growth of 5.2 percent in February 2026, driven primarily by an increase in manufacturing output, according to official data released on Monday.Factory output expanded by 2.7 percent in February 2026, as reported by the National Statistics Office. The NSO revised the industrial production growth for January 2026 to 5.1 percent from a provisional estimate of 4.8 percent released earlier this month.
Manufacturing sector output growth accelerated to 6 percent in February 2026, compared to 2.8 percent in the year-ago month. Mining production growth improved to 3.1 percent, up from 1.6 percent a year ago. Power generation growth stood at 2.3 percent in February, compared to 3.6 percent expansion in the year-ago period.
During the April-February period of FY26, the country’s industrial production growth remained flat year-on-year at 4.1 percent.
Within the manufacturing sector, 14 out of 23 industry groups recorded positive growth in February 2026 compared to a year ago. The top three contributors for February 2026 are Manufacture of basic metals (13.2 percent), Manufacture of motor vehicles, trailers and semi-trailers (14.9 percent) and Manufacture of machinery and equipment (10.2 percent).
The corresponding growth rates of IIP, as per use-based classification in February 2026 over February 2025, are 1.8 percent in Primary goods, 12.5 percent in Capital goods, 7.7 percent in Intermediate goods, 11.2 percent in Infrastructure/ Construction Goods, 7.3 percent in Consumer durables and (-) 0.6 percent in Consumer non-durables.
Growth was particularly strong in the ‘Manufacture of basic metals’ industry group, with item groups ‘MS slabs,’ ‘Flat products of Alloy Steel’ and ‘Pipes and tubes of Steel’ contributing significantly to the overall growth.
ICRA, citing Aditi Nayar, Chief Economist, Head - Research & Outreach, projects a deceleration in IIP growth to 3-4 percent in March 2026, influenced by the adverse impact of the West Asia crisis on manufacturing segments through price and availability channels, alongside weaker electricity performance in the month.
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