Econvitals IndiaActivity
What do the monthly indicators say about momentum before GDP comes out? Industrial production from MoSPI (Index of Industrial Production, base 2022-23).
Industrial production growth, as published
IIP, % change on a year earlier
Base 2022-23 from April 2023, base 2011-12 before; each value is the rate MoSPI published on that base. Recent months are quick estimates and are revised.
Industrial production by sector and use
| IIP, % y/y | Apr 2026 | May 2026 | Jun 2026 | Jul 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| General | 4.9 | 5.0 | 8.8 | 7.4 | 7.8 | 6.7 |
| IIP mining | −3.8 | −1.4 | 1.6 | −0.9 | −4.6 | −6.2 |
| IIP manufacturing | 6.1 | 5.2 | 9.5 | 8.2 | 8.6 | 7.6 |
| IIP electricity | 4.6 | 10.3 | 11.3 | 8.7 | 12.3 | 11.2 |
| IIP primary goods | 0.8 | 2.7 | 5.4 | 4.2 | 4.2 | 4.0 |
| IIP capital goods | 12.0 | 15.5 | 17.9 | 19.0 | 15.9 | 10.4 |
| IIP intermediate goods | 10.3 | 5.8 | 11.5 | 10.4 | 14.2 | 12.2 |
| IIP infrastructure/construction | 6.0 | 6.6 | 8.8 | 8.0 | 8.0 | 7.2 |
| IIP consumer durables | 5.6 | 8.0 | 10.3 | 12.0 | 10.5 | 6.0 |
| IIP consumer non-durables | 0.2 | −0.4 | 5.6 | −0.8 | −1.1 | 1.4 |
Computed from the published indices (site calculations), so they can differ from MoSPI's published growth by rounding. Sector rows are mining, manufacturing and electricity; the rest are use-based categories.
Investment and consumer goods
IIP use-based categories, % change on a year earlier
Core industries
Index of Core Industries
% change on a year earlier
| % y/y | Apr 2026 | May 2026 | Jun 2026 | Jul 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Overall | 2.7 | 3.2 | 6.0 | 5.0 | 5.9 | 7.9 |
| Core: coal | −9.0 | −9.5 | 1.4 | 7.6 | −3.8 | 10.7 |
| Core: natural gas | −4.2 | −5.0 | −4.8 | −3.0 | −4.9 | −4.6 |
| Core: crude oil | −3.2 | −4.2 | −4.2 | −5.3 | −3.6 | −1.4 |
| Core: refinery products | −0.2 | −8.2 | −4.0 | 3.0 | 5.6 | 10.3 |
| Core: fertilizers | −8.5 | −1.0 | −3.3 | −8.0 | −12.4 | −11.7 |
| Core: steel | 4.7 | 5.1 | 5.6 | 1.9 | 3.5 | 4.9 |
| Core: cement | 8.3 | 8.4 | 9.9 | 12.7 | 11.7 | 9.8 |
| Core: electricity | 5.5 | 11.2 | 11.4 | 8.4 | 13.1 | 11.4 |
| Core: iron ore | 12.5 | 19.0 | 44.5 | 29.5 | 5.5 | 18.4 |
Office of the Economic Adviser, DPIIT; base 2022-23 (which adds iron ore to the eight traditional industries). Released about a week before IIP, so it is an early read on industry.
Electricity demand
Electricity demand met
All-India energy met, million units per day, 7-day average
Electricity demand, change on a year earlier
7-day average of energy met, % change on a year earlier
Grid-India daily Power Supply Position reports (operational SCADA data; excludes captive and rooftop generation). Daily data are noisy, so even the 7-day average moves sharply when festivals fall in different weeks from one year to the next, or with weather; compare monthly averages for the underlying trend. Shown with attribution; not offered for download until Grid-India's terms are checked.
Vehicle sales
Vehicle sales
Domestic sales by manufacturers, lakh units a month
Vehicle sales, change on a year earlier
% change on a year earlier
SIAM monthly press releases: dispatches from manufacturers to dealers (wholesale), not retail registrations. Passenger vehicles start in April 2023, when Tata Motors joins the total; BMW, Mercedes, JLR and Volvo Auto are never included. Growth rates are site calculations from each month as first published, so they can differ from SIAM's own, which use revised figures for the year before. SIAM is an industry body: shown with attribution, not offered for download.
Fuel consumption
Petroleum product consumption
% change on a year earlier
Diesel and petrol consumption
Thousand tonnes a month
| % y/y | Apr 2026 | May 2026 | Jun 2026 | Jul 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| All petroleum products | −6.5 | −8.1 | −4.3 | −0.4 | −3.1 | 3.4 |
| Diesel consumption | 0.8 | 1.5 | 6.1 | 10.0 | 6.8 | 5.6 |
| Petrol consumption | 6.8 | 3.4 | 7.4 | 9.2 | 8.2 | 7.9 |
| Jet fuel consumption | −0.1 | 0.9 | 0.0 | −0.7 | 2.3 | 1.0 |
| LPG consumption | −13.9 | −21.2 | −14.9 | −16.8 | −17.2 | −8.9 |
Petroleum Planning & Analysis Cell (Ministry of Petroleum and Natural Gas): sales by oil companies plus private direct imports, all provisional. The latest months use prorated import estimates and are revised. Diesel follows freight and farm activity; jet fuel follows air travel. Growth rates are site calculations from the published tonnes. From April 2023.
Still to come on this page
GST and e-way bills, retail vehicle registrations (Vahan), rail freight, air traffic, UPI, PMI headline. Checklist: docs/guidebook/05-pages/activity.md.