India's Industrial Slowdown: Impact of Monsoon on Production

India's industrial production felt the brunt of monsoon rains, with growth hitting a 10-month low of 1.5% in June 2025. The slowdown was attributed to underperformance in the mining and power sectors, according to official data published on Monday.

Factory output, measured by the Index of Industrial Production (IIP), displayed a significant reduction from 4.9% achieved in the same month the previous year. However, the National Statistics Office (NSO) positively revised May's industrial growth to 1.9%, up from the earlier estimate of 1.2%.

Manufacturing output saw a modest increase to 3.9% from the preceding year's 3.5%, while mining and power production faced contractions. For the April-June fiscal quarter, overall industrial growth recorded a mere 2%, reflecting a downturn from the 5.4% rate observed during the same period last year.

(With inputs from agencies.)