Mumbai, Oct. 30 -- The momentum in industrial growth, particularly in manufacturing and construction-related segments, indicates improving domestic demand and rising capacity utilization amid continued policy support coupled with tax rationalization measures such as targeted GST reduction, according to Secretary General and CEO, Dr. Ranjeet Mehta.

Mr. Rajeev Juneja, President, PHDCCI said that the Index of Industrial Production (IIP) registered a year-on-year growth of 4% (Quick Estimate) in September 2025, driven by notable acceleration in the manufacturing and electricity sectors. The manufacturing sector grew by 4.8% in September 2025 as compared to the corresponding period of the previous year, improving from a growth rate of 4% in S...