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India’s Infrastructure Output Rises 3.8% in March, Cement and Steel Lead Growth

March's year-on-year growth in core industries highlights strong performance in cement and steel, while crude oil and natural gas output see declines.

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Overview

  • India's infrastructure output grew 3.8% year-on-year in March 2025, driven by robust cement and steel production, according to official data.
  • Cement production surged 11.6% in March, up from a revised 10.8% growth in February, while steel output rose 7.1%, compared to 6.9% the prior month.
  • Crude oil production declined 1.9% year-on-year in March, and natural gas output dropped sharply by 12.7%, continuing struggles in the energy sector.
  • Electricity generation increased 6.2% in March, improving from a revised 3.6% growth in February, while coal production rose 1.6%.
  • For the fiscal year 2024-25, infrastructure output recorded a 4.4% growth, underscoring sustained expansion across key sectors.