Factory output slows to 4-year low in FY25

IIP growth steady at 3% in March

- PRESS TRUST OF INDIA

India’s industrial production growth remains almost flat at 3 per cent in March sequentially, though, on a year-on-year basis, it slipped from 5.5 per cent, mainly due to poor performance of the manufacturing, mining and power sectors.

The government also revised the industrial growth figure downward to 2.7 per cent for February 2025 from the provisional estimate of 2.9 per cent earlier this month, according to the official data released Monday.

In the fiscal 2024-25, the IIP decelerated to a four-year low of 4 per cent. It was 5.9 per cent in 2023-24 and the previous low was recorded at -8.4 per cent in 2020-21.

The growth was 11.4 per cent in 2021-22 and 5.2 per cent in 2022-23.