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Industrial production was 8.0% higher than a year earlier in Aug 2026.

On MoSPI’s newer base the general index stood at 123.3 in Aug 2026, with 2022-23 = 100. Growth over the 29 months since Apr 2024 has ranged from −0.9% in Oct 2025 to 8.8% in Jun 2026.

Industrial production growthChange in the general index of industrial production on the same month a year earlier, base 2022-23
View as a table
Month% change on a year earlier
Apr 20247.1
May 20247.3
Jun 20247.3
Jul 20247.8
Aug 20242.1
Sep 20244.7
Oct 20245.6
Nov 20245.9
Dec 20246.1
Jan 20256.3
Feb 20252.9
Mar 20255.8
Apr 20254.8
May 20253.4
Jun 20252.2
Jul 20255.4
Aug 20254.7
Sep 20256.1
Oct 2025-0.9
Nov 20257.0
Dec 20256.7
Jan 20264.1
Feb 20264.4
Mar 20263.0
Apr 20264.9
May 20265.0
Jun 20268.8
Jul 20267.4
Aug 20268.0

By kind of goods

By use, output of capital goods grew fastest in Aug 2026, at 16.9%, and consumer non-durables slowest, at 2.1%.

Growth on a year earlier in Aug 2026, fastest first.

The longer view, on the older base

On the older 2011-12 base, which runs from Apr 2013 to Mar 2026, yearly growth was lowest at −57.3% in Apr 2020, when output fell with the national lockdown, and highest at 133.5% in Apr 2021, the rebound from that low.

Industrial production growth, older baseChange on the same month a year earlier, base 2011-12, April 2013 to March 2026
View as a table
Month% change on a year earlier
Apr 20133.3
May 20131.0
Jun 2013-1.0
Jul 20133.2
Aug 20134.4
Sep 20136.8
Oct 20131.9
Nov 20133.7
Dec 20133.5
Jan 20144.8
Feb 20145.2
Mar 20142.9
Apr 20143.9
May 20144.7
Jun 20148.3
Jul 20145.4
Aug 20143.5
Sep 20144.3
Oct 20140.3
Nov 20147.4
Dec 20144.0
Jan 20151.8
Feb 20153.0
Mar 20152.4
Apr 20150.7
May 20151.8
Jun 20151.0
Jul 20151.3
Aug 20153.7
Sep 20152.2
Oct 20159.0
Nov 20150.8
Dec 20153.1
Jan 20164.0
Feb 20167.2
Mar 20165.2
Apr 20166.0
May 20167.3
Jun 20168.0
Jul 20164.5
Aug 20164.0
Sep 20165.0
Oct 20164.2
Nov 20165.1
Dec 20162.4
Jan 20173.5
Feb 20171.2
Mar 20174.4
Apr 20173.2
May 20172.9
Jun 2017-0.3
Jul 20171.0
Aug 20174.8
Sep 20174.1
Oct 20171.8
Nov 20178.5
Dec 20177.3
Jan 20187.5
Feb 20186.9
Mar 20185.3
Apr 20184.5
May 20183.8
Jun 20187.0
Jul 20186.5
Aug 20184.8
Sep 20184.6
Oct 20188.4
Nov 20180.2
Dec 20182.5
Jan 20191.6
Feb 20190.2
Mar 20192.7
Apr 20193.2
May 20194.5
Jun 20191.3
Jul 20194.9
Aug 2019-1.4
Sep 2019-4.6
Oct 2019-6.6
Nov 20192.1
Dec 20190.4
Jan 20202.2
Feb 20205.2
Mar 2020-18.7
Apr 2020-57.3
May 2020-33.4
Jun 2020-16.6
Jul 2020-10.5
Aug 2020-7.1
Sep 20201.0
Oct 20204.5
Nov 2020-1.6
Dec 20202.2
Jan 2021-0.6
Feb 2021-3.2
Mar 202124.2
Apr 2021133.5
May 202127.6
Jun 202113.8
Jul 202111.5
Aug 202113.0
Sep 20214.4
Oct 20214.2
Nov 20211.0
Dec 20211.0
Jan 20222.0
Feb 20221.2
Mar 20222.2
Apr 20226.7
May 202219.7
Jun 202212.6
Jul 20222.2
Aug 2022-0.7
Sep 20223.3
Oct 2022-4.1
Nov 20227.6
Dec 20225.1
Jan 20235.8
Feb 20236.0
Mar 20231.9
Apr 20234.6
May 20235.7
Jun 20234.0
Jul 20236.2
Aug 202310.9
Sep 20236.4
Oct 202311.9
Nov 20232.5
Dec 20234.4
Jan 20244.2
Feb 20245.6
Mar 20245.5
Apr 20245.2
May 20246.3
Jun 20244.9
Jul 20245.0
Aug 20240.0
Sep 20243.2
Oct 20243.7
Nov 20245.0
Dec 20243.7
Jan 20255.2
Feb 20252.7
Mar 20253.9
Apr 20252.6
May 20251.9
Jun 20251.5
Jul 20254.3
Aug 20254.0
Sep 20254.6
Oct 20250.5
Nov 20257.2
Dec 20258.0
Jan 20265.1
Feb 20265.1
Mar 20264.1

What this can and cannot tell you

The index of industrial production covers mining, manufacturing and electricity (and, on the newer base, water supply and waste management), weighted by their output in the base year. It does not cover services, which are most of the economy. The latest months are quick estimates that MoSPI revises.

The two bases overlap from April 2023 and are not joined, since their weights and coverage differ. The older base ends in March 2026. Growth is calculated from the index, and where MoSPI publishes its own rate the two agree to within a tenth of a point.

How this is worked out

Each period's value divided by the value of the same period a year earlier, less one, as a percentage.

Where the numbers come from