India Industrial production March 2023

India: Industrial output growth ebbs in March

Industrial production increased 1.1% year on year in March (February: +5.6% yoy). The deceleration was largely due to weaker manufacturing output. In addition, electricity production contracted.

Meanwhile, annual average industrial production growth fell to 5.1% in March (February: +5.2%), signaling a worsening trend in the industrial sector.

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