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India's industrial momentum remains mixed in Oct'25 despite festive season, GST rate cut boost

Source: BigMint Dec 11, 2025 10:00

Crude steel production remains stable, consumption stagnant. Automobile retail sales surge 40% y-o-y on better affordability. Merchandise exports shrink, deficit widens to all-time high

Morning Brief: India's industrial activity recorded mixed trends m-o-m across various segments in October, contrary to expectations of an across-the-board improvement, led by stronger consumption due to festive season demand and the roll-out of GST 2.0 reforms. The Index of Industrial Production (IIP) grew just 0.4% y-o-y, according to provisional government

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