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

India joins 18 nations for Australia-led Talisman Sabre 2025 military exercise

July 15, 2025

India has joined 18 other nations in Talisman Sabre 2025, …

Read More

UPI overtakes Visa to become world’s top real-time payments system

July 14, 2025

Unified Payments Interface (UPI), India’s homegrown digital payments platform, has …

Read More

Tesla to debut in India with Mumbai showroom launch on July 15

July 11, 2025

Tesla will mark its official entry into India next week …

Read More