India's industrial output likely slowed to 1.2% YoY in April: UBI Report

A Union Bank of India report forecasts a significant deceleration in India's industrial output, projecting a 1.2% year-on-year growth for April 2025, down from 3% in March. This slowdown is attributed to broad-based economic weakness, particularly in mining and manufacturing. Global trade uncertainties and tariff hikes are expected to further pressure export-oriented sectors, impacting overall IIP growth.