Index of Industrial Production

April 14, 2025 2:17 PM

Crisil projects 6.5% GDP growth for India in FY26, flags US tariffs as key risk

Global credit rating agency Crisil on Monday projected India's GDP to grow by 6.5% in fiscal 2026, while cautioning that US tariff hikes remain a significant downside risk to the forecast. Despite external headwinds, Crisil expects monetary easing by the Reserve Bank of India (RBI) to offer some cushion, along with other positive domestic developments. “Interest rate cuts, income tax relief, and easing inflation are expected to boost consumption this fiscal. Additionally, a normal monsoon cou...

India’s industrial output grows 2.9% in February 2025

India’s Index of Industrial Production (IIP) rose 2.9% year-on-year in February 2025, a moderate expansion compared to the 5.0% growth recorded in January, according to the Ministry of Statistics and Programme Implementation. The data reflects a mixed performance across sectors. Manufacturing, which has the highest weight in the IIP, grew 2.9%, while electricity generation rose 3.6% and mining increased by 1.6%. The overall IIP stood at 151.3 in February, up from 147.1 in the same month last...