India Industrial Output Slows Less than Expected

2026-04-28 10:55 By Andre Joaquim 1 min. read

Industrial production in India rose by 4.1% from the previous year in March of 2026, slowing from the revised 5.1% expansion in February to reflect the slowest increase in five months, albeit beating expectations of a 3.7% expansion.

Despite remaining robust, the pullback reflected some impact from the outbreak of war in the Middle East in the Indian goods production, hampered by the surge in energy prices and inflationary risks amid the pressure for the rupee.

Manufacturing production, which is responsible for over 77% of all of industrial output, rose 4.3% from the 5.9% increase.

Mining output jumped by 5.5%, picking up from the 3.1% the prior month, while higher feedstock costs drove electricity output growth to slow to 0.8% from 2.3%.



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India Industrial Output Slows Less than Expected
Industrial production in India rose by 4.1% from the previous year in March of 2026, slowing from the revised 5.1% expansion in February to reflect the slowest increase in five months, albeit beating expectations of a 3.7% expansion. Despite remaining robust, the pullback reflected some impact from the outbreak of war in the Middle East in the Indian goods production, hampered by the surge in energy prices and inflationary risks amid the pressure for the rupee. Manufacturing production, which is responsible for over 77% of all of industrial output, rose 4.3% from the 5.9% increase. Mining output jumped by 5.5%, picking up from the 3.1% the prior month, while higher feedstock costs drove electricity output growth to slow to 0.8% from 2.3%.
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