IIP growth softens to 2.9% in February, manufacturing expansion slows

Indias industrial output, measured by the Index of Industrial Production (IIP), eased to 2.9% in February 2025 compared to same month last year. This marks the lowest level in seven months. The annual gain stood at 5.01% in January, according to data released from the National Statistics Office (NSO) on Friday. Data showed that manufacturing, which has the highest weight in the IIP, recorded 2.9% growth, compared to 5.5% in January. Mining index rose 1.6% while Electricity output rose around 3.60% on year ago basis. In the April-February period, the IIP grew 4.1%, down from 6% rise recorded in the year-ago period. On a monthly basis, the mining, manufacturing and electricity output fell by 5.80%, 6.80% and 3.90% respectively. The IIP also fell around 6.40% in February compared to January this year.

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