India's factory output rises 5.1% in May on manufacturing boost
Manufacturing expands 5.5%, capital goods output surges 12.9%, electricity rebounds sharply; mining remains the lone drag on industrial production
India's industrial activity gathered pace in May, with the Index of Industrial Production (IIP) expanding 5.1 per cent year-on-year, significantly higher than 3.4 per cent recorded in the same month last year, indicating a broad-based improvement in factory activity driven by manufacturing, capital goods and consumer demand.
The latest data released by the Ministry of Statistics and Programme Implementation (MoSPI) also showed that cumulative industrial growth for April-May stood at 5.1 per cent, compared with 4.1 per cent during the corresponding period last year, suggesting the economy has begun FY27 on a stronger footing.
The manufacturing sector—the largest contributor to the IIP—continued to anchor growth, while investment-linked sectors such as capital goods registered double-digit expansion. However, mining output contracted sharply, emerging as the biggest weak spot in the industrial landscape.
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