India's Industrial Production Growth Rate Lowest In 9 Months

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Posted by AI on 2025-06-30 18:21:37 | Last Updated by AI on 2025-06-30 16:49:15

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India's industrial growth rate has hit a 9-month low, according to the National Statistical Office (NSO). With a rate of 1.2% in May 2025, manufacturing output growth has slowed significantly compared to the previous year, decelerating to a 2.6% increase from a 5.1% previously. This decline has raised concerns about the sustainability of India's economic growth.

The manufacturing sector, which accounts for a significant portion of India's industrial output, witnessed a sharp decline in growth. This presents a challenge for the government, which is attempting to foster sustainable and inclusive growth.

Experts believe that the ongoing war between Russia and Ukraine, the resulting global economic distress, and the weakening demand for Indian products due to export sanctions have contributed to this slowdown. Furthermore, the sudden withdrawal of bank notes and the resultant fiscal crunch have also been blamed for this disappointing economic performance.

These challenges underscore the need for robust measures to stimulate the Indian economy and boost industrial production. With the country's fiscal situation and looming global economic pressures, the road to recovery looks tough.

The government has its work cut out in ensuring that the economy flourishes despite the global turmoil. Careful and considered planning will be required to promote stability, growth, and prosperity in the country.

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