India Industrial production March 2024

India: Industrial output growth loses pace in March

Industrial output expanded 4.9% year on year in March (February: +5.7% yoy), slightly undershooting market expectations. Looking at the details of the release, manufacturing production gained traction in March, while mining output rose at a softer pace.

Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 5.8% in March, up from February’s 5.6%.

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