FX.co ★ India’s Industrial Output Growth Slows to 4.1% in March, Easing from February Peak

India’s industrial production growth eased in March 2026, with output rising 4.1% year-over-year, down from a 5.2% expansion recorded in February 2026. The latest data, updated on 28 April 2026, signal a moderation in momentum after a stronger performance at the start of the year.

Both the current and previous readings are measured on a year-over-year basis, comparing each month’s industrial output with the same month a year earlier. While the sector continues to expand, the slowdown from February to March suggests that the pace of industrial growth is cooling, which may factor into expectations for broader economic activity and policy discussions in the coming months.