The industrial production index showed a growth rate of 4 percent, which is a three-month low. The mining, commodities, and consumer durables sectors saw marked declines, while manufacturing and consumer durables showed strong growth.
In addition, the index recorded growth of just 3 percent in April-September, the slowest in at least five years, according to The Hindu.
Even the Index of eight major industries reflected the slowdown, with India's core infrastructure production growing at its slowest pace in three months, up 3 percent from 6.5 percent in August. This was driven by lower prices for coal, crude oil, natural gas, and petroleum products, while prices for steel, cement, and electricity rose.
Crude steel production is falling from month to month
India's crude steel production decreased by 4 percent per month to 13.56 million tonnes in September 2025, with weak demand driven by the prolonged weight of the monsoon on margins and prompting production cuts by some steelmakers. In parallel, pig iron production decreased by 6 percent in a month compared to 680,000 metric tons.
Steel exports and imports increase from month to month
Steel exports
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