FX.co ★ India’s Infrastructure Output Slips into Contraction in March, Ending Growth Streak

India’s infrastructure output turned negative in March 2026, with year-over-year growth falling to -0.4%, according to data updated on 20 April 2026. The reversal marks a sharp slowdown from February 2026, when the indicator registered a 2.3% year-over-year increase.

The readings compare each month’s performance with the same month a year earlier. While February’s data signaled moderate expansion in core infrastructure activity, March’s contraction underscores emerging weakness in a key component of India’s industrial and economic base. Investors and policymakers will be watching subsequent releases closely to determine whether the March downturn is a one-off setback or the start of a more sustained soft patch in infrastructure performance.