India’s May industrial output grows 5.1% y/y on higher electricity output

A worker moves rolls of fabric in a forklift in a garment manufacturing unit on the outskirts of Ahmedabad, India, August 5, 2025. (Photo: Reuters/File)

NEW DELHI, June 29 (Reuters) – India’s industrial output rose 5.1% in May, led by a pickup in ​electricity growth, government data showed on Monday, while ‌growth in manufacturing moderated due to supply disruptions linked to the Middle East conflict.

Economists polled by Reuters expected industrial output to ​ease to 4.5% in May, compared to a ​growth of 4.9% a month earlier.

The May reading ⁠is the second under the revised 2022-23 base ​year series, reflecting the government’s shift to producer prices ​from wholesale prices for calculating factory output.

KEY NUMBERS

* Manufacturing output grew 5.5% year-on-year in May against a revised growth of 6.1% ​in April.

* Electricity generation rose 9.9% year-on-year in ​May against a revised increase of 4.6% a month earlier.

* Mining ‌activity ⁠declined 1.6% year-on-year in May against a revised 3.8% fall in April.

* Output of consumer durables, including cars and phones, grew 7.2% year-on-year in May against ​a revised ​5.6% increase ⁠a month earlier.

* Output of consumer non-durables, such as food items and toiletries, rose ​3.6% year-on-year in May against a revised ​0.2% ⁠rise in the previous month.

* Capital goods output rose 12.9% year-on-year in May against a revised 12% increase ⁠in ​April.

* Industrial output in April-May ​grew 5.1%, compared to an increase of 4.1% a year earlier.