Index of Industrial Production — Chemicals & Manufacturing

The Chemicals and Chemical Products sector holds a weight of 7.87% in the IIP (Manufacturing). In FY 2024-25, the Chemical IIP index reached 129.3 (vs 150.6 for Manufacturing and 152.6 for General), showing production growth of 1.49% for chemicals, compared to 4.08% for manufacturing. Monthly data shows significant volatility, with chemicals growing as high as +5.1% (July 2024) and contracting by -2.8% (Feb 2025). The manufacturing sector consistently outperformed chemicals, indicating that the chemical sector faces headwinds from global demand slowdown and inventory corrections. The weights table shows Polymers (0.60%), Toilet Soap (0.61%), and Urea (0.56%) as the highest-weighted products within the chemical industry.