India: Industrial output growth gains momentum in February
Industrial output increased 5.7% compared to the same month a year earlier in February, which was above January’s 4.1% increase and marked the strongest growth since September 2023 but slightly undershot market expectations. Looking at the details of the release, February’s pickup was broad-based, with the manufacturing, mining and electricity sub-sectors all gaining steam.
Meanwhile, annual average of industrial production was stable at January’s 5.6% in February.