India's industrial output rises 3% in March, slows to 4% in FY25: Govt data

India's industrial output grew 3.0% in March 2025, marginally higher than the 2.7% growth recorded in February, according to official data released on Monday.

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

In the fiscal 2024-25, the IIP grew 4%, down from 5.9% recorded a year ago.

The Quick Estimate of the Index of Industrial Production (IIP) for March 2025 stood at 164.8, compared to 160.0 in March 2024, the Ministry of Statistics and Programme Implementation said.

Sector-wise, mining production growth dipped to 0.4% from 1.3% growth a year ago, manufacturing sector's output growth decelerated to 3% in March 2025 from 5.9% in the year-ago month, and electricity production also slowed to 6.3% in March 2025 against 8.6% in the year-ago period.

Within the manufacturing sector, 13 out of 23 industry groups at the two-digit National Industrial Classification (NIC-2008) level registered positive growth.

The top contributors included the manufacture of basic metals (6.9%), manufacture of motor vehicles, trailers and semi-trailers (10.3%), and manufacture of electrical equipment (15.7%).

As per use-based classification, the indices for March 2025 stood at 168.2 for Primary Goods, 134.8 for Capital Goods, 173.1 for Intermediate Goods, and 212.3 for infrastructure/construction goods. Consumer durables and consumer non-durables recorded indices of 138.5 and 147.9, respectively.