India's Core Sector Grows 3.8% in March 2025 Fueled by Electricity Demand
| Category | Details |
|---|---|
| Core Sector Growth | 3.8% in March 2025, up from 3.4% in February but lower than 6.3% in March 2024. |
| Key Sectors | Electricity, steel, and cement led growth; natural gas and crude oil underperformed. |
| Electricity Sector | 6.2% growth due to early summer onset and heatwaves, lower than 8.2% in March 2024. |
| Steel Output | Growth: 7.1%, up from 6.9% in February. |
| Cement Output | Growth: 11.6%, up from 10.8% in February. |
| Natural Gas | Decline: 12.7%, ninth consecutive month of decline due to higher imports and low crude prices. |
| Crude Oil | Decline: 1.9%, reversing growth seen in the past three months. |
| Refinery Products | Marginal growth: 0.2%, impacted by weak export demand and lower international prices. |
| Coal and Fertilizers | Moderation in growth compared to February. |
| Index of Industrial Production (IIP) | Core sector accounts for 40.27% of IIP. |