India’s industrial output as measured by the Index of Industrial Production (IIP) moderated to 4.1 percent in March 2026, compared to 5.2 percent in February 2026, according to data released by the ministry of statistics and program implementation on Wednesday, April 29.
The manufacturing sector, which carries the highest weight in the index, grew 4.3 percent in March, continuing to anchor overall industrial output. Mining output rose 5.5 percent, indicating strong activity in core sectors.
However, electricity generation growth slowed sharply to just 0.8 percent, acting as a drag on the headline number.
Production of basic metals grew 8.6 percent, supported by higher output of steel products such as slabs, alloy flat products and hot rolled coils.
