Factory output growth slowed down to 6.7% in September
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Factory output growth slowed to 6.7 per cent in September from 7.8 per cent in August, government data showed on Wednesday.
- ✓While mining fell, manufacturing and electricity sectors stayed strong.
- ✓Aastha Gudwani said, “Industrial production data for September showed deceleration, but we do not think it points to a sharp loss.”
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Factory output growth, based on Index of Industrial Production (IIP) slowed to 6.7 per cent in September as against 7.8 per cent of August, government data showed on Wednesday.
“In September 2026, the Index of Industrial Production recorded a 6.7 per cent year-on-year growth, supported by 7.6 per cent growth in the manufacturing sector and strong growth of 11.2 per cent in the electricity and gas supply sector,” an official release said on Wednesday.
“Industrial production data for September showed deceleration, but we do not think it points to a sharp loss of momentum,” said Aastha Gudwani, India Chief Economist at Barclays.
Further, year-on-year growth for industrial production is typically impacted by festival month mismatch and henceforth will also show impact of GST 2.0 (rates rationalisation in effect since September 2025, which impacted production and consumption decisions with lags).
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