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2d ago

India's Industrial Growth Reaches 3% in March, Reflecting Mixed Sectoral Performance

March 2025 saw a modest sequential rise in industrial output, but year-on-year growth slowed significantly due to weaker performances in key sectors like mining and manufacturing.

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Overview

  • India's Index of Industrial Production (IIP) grew by 3% in March 2025, up from February's revised figure of 2.7%, according to official data.
  • Year-on-year growth in March 2025 slowed sharply from 5.5% in March 2024, primarily due to underperformance in manufacturing, mining, and power sectors.
  • Fiscal year 2024–25 closed with an IIP growth rate of 4%, a decline from the 5.9% growth recorded in fiscal year 2023–24.
  • The power sector grew by 6.3% in March, while manufacturing registered 3% growth and mining lagged at 0.4%.
  • Infrastructure goods (8.8%), consumer durables (6.6%), and capital goods (2.4%) were the top contributors to March's industrial growth, highlighting investment and consumption trends.