India's Core Sector Growth Slows to 2.9% in February 2025
| Category | Details |
|---|---|
| News Summary | India's core sector growth slowed to 2.9% in February 2025, marking its weakest expansion in the last five months. Only three sectors saw a monthly rise in production, with cement and fertilizers reporting annual growth. The slowdown is expected to impact the Industrial Production Index (IIP). |
| Core Sector Growth | Dropped to 2.9% in February 2025, down from 5.1% in January 2025. |
| Sectors with Growth | Cement (10.5%), Fertilizers (10.2%), Steel (5.6%), Electricity (2.8%). |
| Sectors with Decline | Coal (1.7%), Crude Oil (-5.2%), Natural Gas (-6%). |
| Refinery Output | Grew at 0.8%, the slowest in six months. |
| Manufacturing PMI | Dropped to 56.3 in February, down from 57.7 in January 2025. |
| Industrial Production Index (IIP) | Recorded 5% expansion in January 2025. |