India's Industrial Growth Slows to 2.9% in February 2025
| Event | India's Industrial Activity Deceleration in February 2025 |
|---|---|
| Key Metric | Index of Industrial Production (IIP) growth: 2.9% (lowest in 6 months) |
| Forecast | 4% (Reuters) |
| Previous Year Growth | Significantly higher across sectors in February 2024 |
| Sectoral Performance | Mining: +1.6% (vs +8.1% in Feb 2024) |
| Manufacturing: +2.9% (vs +4.9% in Feb 2024) | |
| Electricity: +3.6% (vs +7.6% in Feb 2024) | |
| Use-Based Classification | Capital Goods: +8.2% (strong growth; Feb 2024: +1.7%) |
| Intermediate Goods: +1.5% (slowest among all segments) | |
| Consumer Non-Durables: -2.1% (decline continues; Feb 2024: -3.2%) | |
| Month-on-Month Trends | All sub-sectors saw a decline compared to January 2025 |
| Expert Insights | Paras Jasrai (India Ratings & Research): High base and weaker performance in mining/manufacturing |
| Aastha Gudwani (Barclays): Manufacturing slowdown, power demand cushion, capital and infrastructure goods resilience, IIP likely improved in March |