Overview

• India’s industrial production grew by 3% in March 2025, a slight increase from February’s revised figure of 2.7%.
• Year-on-year growth for March 2025 fell sharply from 5.5% in March 2024, driven by weak performance in manufacturing, mining, and power sectors.
• The manufacturing sector’s output growth slowed to 3% in March 2025, down from 5.9% in the same month last year.
• Mining production growth dropped to 0.4% in March 2025 compared to 1.3% a year earlier, while power output growth declined to 6.3% from 8.6%.
• For fiscal year 2024-25, the Index of Industrial Production grew by 4%, a notable decline from the 5.9% recorded in FY2023-24.