Industrial growth may ease to 6% in September as capital goods, mining lose steam

In September 2026, India’s industrial production growth is anticipated to decline to 6%, down from 8% in August. Notably, capital goods production is projected to drop significantly to 2.2%, from an impressive 16.9% the previous month. Additionally, mining output is expected to contract by 8%, indicating a cooling growth trend, although vehicle sales and infrastructure goods remain robust.