Industrial product growth decreases to 2.9 % in February 5 % in January

Industrial production, as measured by the Industrial Production Index (IIP), decreased to 2.9 % in February 2025 from 5 % in January, according to the data issued by the Ministry of Statistics and the implementation of the program (MOSPI) on Friday.

In February 2025, the growth rates of mining, manufacturing and electricity sectors were reported by 1.6 %, 2.9 % and 3.6 %, respectively.

The lowest growth rate has been observed recently in August of the previous year, with a steady growth rate of zero percent.

The modern data issued in March indicated a decrease in growth in the basic sector or infrastructure industries, as it decreased to 2.9 % in February of 5.1 % in the previous month, which represents the lowest growth rate in five months.

In the next fiscal year, the 25th year, the manufacturing sector, the main contributor to industrial product in India, is expected to suffer a growth rate of 4.3 percent. This is a significant decrease from its previous growth rate of 12.3 percent in the past fiscal year.

This decrease in performance can be attributed to the slowdown in government capital spending, which achieved only 80 percent of the annual goal of the eleven of the fiscal year.

As expected, the Leap year base decreased to the bottom of the YOY growth from IIP to 2.9 % in February 2025 from 5.2 % in January 2025, largely in line with ICRA expectations for this month (+3.0 %). The slowdown was wide in February 2025. Aditi Nayar, Senior Economist, President – Research & Outreach, Icra Ltd.

She added: “After the slowdown caused by the basic impact in February 2025, YOY’s performance was improved for most high frequency indicators available in March 2025, including electricity generation, transportation and transportation consumption, while GST E-Way Generation, at the present time, was promoted through growth, something that was promoted in the base, time preparations, and preparations in the base. It is expected that you are expected to It deteriorates in March 2025 for February 2025, this is likely to be compensated by an increase in the generation of electricity, amid a fixed growth of manufacturing.

“IIP growth came by 2.9 % on an annual basis in February 2025, with a remarkable slowdown of 5.2 % in January. This is mainly due to a physical slowdown in mining and manufacturing, and it is partially expanded through the basic influence. Perspective, capitalism recorded 8.2 %, hinting to gradually revive the investment activity, while the infrastructure has maintained On growth 6 by 6.6 %, largely assisted by government capex, especially unpopular, “SAFIN, CEO, MDAIN, MDIN. Research Limited.