India’s industrial output growth slows to nine-month low of 1.2% in May

India's industrial output growth experienced a slowdown in May 2025, reaching a nine-month low of 1.2%, primarily due to contractions in the electricity and mining sectors. While manufacturing showed positive growth, driven by machinery, non-metallic minerals, and basic metals, consumer goods experienced a decline. Capital goods and infrastructure sectors contributed positively to the overall IIP growth.