Overview
- Official data show a three-month low as year-on-year growth eased to 3% in September from 6.5% in August.
- Energy-heavy components declined, with coal down 1.2%, crude oil 1.3%, natural gas 3.8% and refinery products 3.7%.
- Gains in other areas helped offset the drag, led by steel up 14.1%, cement up 5.3%, electricity up 2.1% and fertiliser up 1.6%.
- Provisional growth for April–September 2025–26 stood at 2.9%, compared with 4.3% in the same period a year earlier.
- The eight core sectors account for 40.27% of the IIP basket, and ICRA flagged potential Q2 weakness in mining and electricity GVA, with some outlets citing weather disruptions from heavy rain and flooding.