India’s industrial output growth quickens to 3% in March as against revised 2.7% in Feb

India's industrial output grew 3% year-on-year in March, data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday showed. Industrial output grew at a revised 2.7% in February,
compared to the initially-released 2.9% growth.

The growth on an annual basis in March was down from 5.5 per cent in the corresponding month of the previous fiscal, mainly due to poor performance of manufacturing, mining and power sectors.


Economists polled by Reuters were expecting a growth of 3.3%.

Manufacturing output advanced 3% in March against 2.8% in the previous month, while electricity generation grew 6.3% from 3.6% in February.

Mining activity rose 0.4% from 1.6% a month ago, the data showed. Industrial output increased 4% in the April-March period, slowing down from 5.9% in the year-ago period.

Power output also slowed to 6.3 per cent in March 2025 against 8.6 per cent in the year-ago period.

The factory output, measured in terms of the Index of Industrial Production (IIP), rose by 5.5 per cent in March 2024, the data showed.