FX.co ★ India’s Industrial Growth Cools to 4.8% in January, Easing from 7.8% YoY

India’s industrial production growth eased to 4.8% year-over-year in January 2026, down from a previously reported 7.8% pace on the same comparative basis. The latest figures, updated on 2 March 2026, highlight a moderation in output growth when measured against January a year earlier.

Both the current and previous readings are based on year-over-year comparisons, with the “actual” figure showing how industrial activity in January 2026 differed from January of the prior year. The “previous” indicator reflected how industrial production in the prior month compared with its level a year earlier. The slowdown suggests that, while India’s industrial sector remains in expansion, the momentum seen in earlier months has softened as the new year begins.