India's IIP growth recovers to 3% in March, FY25 output at 4-year low

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India's IIP growth recovers to 3% in March, FY25 output at 4-year low - Business Standard

Quick Summary:

Rajani Sinha, chief economist at Care Ratings, said that the manufacturing sector in March may have benefited from inventory accumulation by companies ahead of the anticipated announcement of reciprocal tariffs.

India's IIP growth recovers to 3% in March, FY25 output at 4-year lowIn March 2024, the IIP had grown by 5.

Meanwhile, contraction in the output of consumer non-durables (-4.7 per cent) deepened further and stayed in negative territory for the fourth month in a row.