India’s industrial production growth slowed to 6.7% year-on-year in September 2026, down from a downwardly revised 7.8% in August and below market expectations of 7.2%. Output growth in the manufacturing sector slowed to 7.6% from 8.6% in the prior month. Production in mining and quarrying continued to decline, but at a faster pace of 6.2% after a 4.6% decrease. Meanwhile, production growth also slowed in electricity and gas supply (11.2% vs 12.3%) and water supply, sewage and waste managment (6.2% vs 6.9%).