FX.co ★ India Infrastructure Output Growth Weakest in 5 Months

India's infrastructure output rose by 2.9% in February 2025 compared to the same month the previous year, marking a slowdown from an upwardly adjusted 5.1% increase in January. This growth rate is the lowest since last September, with significant declines observed in sectors such as coal (which slowed to 1.7% from 4.6% in January), refinery products (dropping to 0.8% from 8.3%), and cement (from 14.6% to 10.5%). Additionally, there was a reduction in output for crude oil, falling by 5.2% compared to a 1.1% decrease previously, and natural gas, which contracted by 6% against a prior 1.5% decline. Conversely, fertilizer production saw a substantial increase, rising by 10.2% compared to 3% previously. Over the April to February period, infrastructure output grew by 4.4%, a decrease from the 7.8% increase recorded during the same timeframe in the previous year.