High-frequency indicators point to sustained investment activity

Reserve Bank of India (RBI) has stated in a latest monthly update that high-frequency indicators pointed to sustained investment activity. Imports of capital goods recorded double digit growth in Q3:2025-26 and maintained a healthy pace during January-February 2026. The production of capital goods also recorded strong growth in Q3, with a notable pick-up in February 2026. Construction-related indicators continued to display a healthy picture cement production increased at double digit rate in Q3:2025-26 and January 2026, while finished steel consumption grew at a modest pace in Q3 although it gained momentum in February 2026. Gross fixed capital formation (GFCF) maintained momentum in 2025-26.