Overview

• India's Index of Industrial Production (IIP) grew 3% in March 2025, up from 2.7% in February, according to the National Statistics Office.
• Year-on-year growth in March 2025 declined significantly from 5.5% in March 2024 due to weaker performance in manufacturing, mining, and power output.
• Manufacturing output grew by 3%, down from 5.9% a year earlier, while mining and power sectors recorded growth of 0.4% and 6.3%, respectively.
• Fiscal 2024-25 industrial growth slowed to 4%, compared to 5.9% in the previous fiscal year, reflecting broader economic challenges.
• Infrastructure, primary goods, and consumer durables were the top contributors to March 2025 growth, with infrastructure output rising 8.8% driven by government projects.