India's infrastructure output grew just 0.5% year-on-year in April 2025, marking its slowest pace in eight months, as per government data.
This sharp slowdown from a revised 4.6% growth in March was driven by declines in crude oil, refinery products, and fertilizers. Crude oil output fell 2.8%, worsening from a 1.9% decline in March, while refinery products dropped 4.5% and fertilizer output contracted 4.2%. Natural gas dipped 0.4%, though an improvement from March’s 12.7% slump. Cement and steel remained positive, rising 6.7% and 3% respectively, but their growth eased from March levels. Coal production rose 3.5%, up from 1.6% in March, while electricity generation slowed to 1% from 7.5%. The core sector, comprising eight key industries and accounting for 40% of industrial output, had grown 6.9% in April 2024. The cumulative growth for the fiscal year 2024–25 stood at 4.5%, signaling a slower start to the year for industrial activity.