India’s IIP grows by 1.3% in Jan 2022: Commerce Ministry

The mining sector accounted for the highest growth at 2.8%

March 14, 2022

In December, industrial production had a year-on-year growth of 0.4% compared to 1.4% in November 2021

Compared to pre-pandemic levels of January 2020, industrial production increased by 0.7% in January 2022

Intermediate goods, infrastructure/construction goods, and consumer non-durable segments also witnessed growth

With high crude and commodities prices may prove a deterrent, analysts expect IIP growth to remain in the low single digits

India’s Industrial Production (IIP) grew by 1.3% in January 2022, recovering from a 10-month low in December 2021 as per the Commerce Ministry. In December, the industrial production had a year-on-year growth of 0.4% compared to 1.4% registered in November 2021. Cumulatively, the index grew by approximately 13.7% in April-January 2021 compared to the same period in 2020. 

The mining sector accounted for the highest growth at 2.8% in January with the manufacturing and electricity sectors’ output growing by 1.1% and 0.9% year-on-year, respectively.

The data also revealed that while capital goods output and consumer durables segments contracted by 1.4% and 3.3% respectively, the primary goods segment, which accounts for nearly 34% of the index, grew by 1.6% in January. Intermediate goods, infrastructure/construction goods, and consumer non-durable segments also witnessed growth.

Compared to pre-pandemic levels of January 2020, industrial production increased by 0.7% in January 2022. However, the subsequent easing of restrictions has not boosted growth and the momentum has been slower than anticipated due to a weakness in demand and/or supply-side issues. With high crude and commodities prices emerging as a new road bump, analysts expect IIP growth to remain in the low single digits and have called for more support from the government.

Recent Articles

Engineering goods exports hit record high in FY25 despite global challenges

April 28, 2025

Engineering goods exports from India grew 6.74% year over year …

Read More

India offers growth and stability amid global tariff risks: RBI Governor

April 28, 2025

Amid uncertainties major global economies face due to tariff-related risks, …

Read More

Apple to shift all US-bound iPhone production to India by 2026

April 25, 2025

Apple plans to relocate the assembly of all iPhones destined …

Read More