IIP data: Manufacturing lifts industrial growth to 4-month high of 3.5%; mining and power lag behind

India’s industrial production surged to a four-month high of 3.5% in July, primarily fueled by a robust manufacturing sector which grew by 5.4%. While manufacturing showed strong growth, mining contracted significantly and power generation saw a modest increase. Overall industrial production for April-July FY26 expanded by 2.3%, compared to 5.4% in the same period last year.