The latest report card for India's industrial sector is out, and it paints a picture of steady, resilient growth. According to new data from the National Statistics Office, the Index of Industrial Production (IIP), think of it as a health check for our nation's factories, mines, and power plants, grew by a solid 4.0% in September 2025 compared to the same month last year. This consistent performance, matching the growth seen in August, suggests that our industrial engine is