India’s Industrial Output Slows to 2.9%

India’s industrial output growth slowed to 2.9% in February 2025, down from 5.0% in January, as per the latest IIP data. Manufacturing and mining growth eased to 2.9% and 1.6%, while electricity remained a bright spot with 3.6% growth. The overall IIP index stood at 151.3, up from 147.1 a year ago. Consumer non-durables slipped -2.1%, showing weak demand, while consumer durables grew 3.8%, slower than before. Capital goods rose 8.2%, but also lower than January’s 10.3%. Cement, steel, and auto-related manufacturing segments showed strong growth. Sectors & Stocks to Watch: Likely Beneficiaries: Auto: Strong growth in vehicle production

, , Cement & Infra: High demand for construction materials , , Steel & Metals: Robust basic metal manufacturing , , May Face Pressure: FMCG/Consumer Non-Durables: Weak rural demand , , Mid-cap Industrial Manufacturers: Slowing production , Outlook: The slowdown hints at weak consumer demand and cautious business sentiment. If the trend continues, it may impact GDP growth and prompt policy support. Watch the next data release on April 28, 2025, for further cues. Disclaimer: Investing involves risks. Please review all relevant information before making decisions. Past performance does not guarantee future results. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.