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May Indian econ activity growth slow; IIP growth likely 1.5-2.5%: ICRA

25 Jun '25

1 min read

May Indian econ activity growth slow; IIP growth likely 1.5-2.5%: ICRA

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The YoY growth in India's economic activity slowed to 6.5 per cent in May this year from 7.8 per cent in April amid a deterioration across 10 of the 15 constituent indicators, ICRA said.
The growth in core sector output decelerated in May, touching a nine-month low of 0.7 per cent.
The index of industrial production is likely to have grown by a muted 1.5-2.5 per cent in May.

The year-on-year (YoY) growth in India’s economic activity, as measured by the ICRA business activity monitor, slowed to 6.5 per cent in May this year from 7.8 per cent in April amid a deterioration across 10 of the 15 constituent indicators.

Additionally, the growth in core sector output decelerated in May, touching a nine-month low of 0.7 per cent, led by four of the eight sectors, including a sharp 5.8 per cent contraction in electricity generation amid excess rainfall in the month. This was slightly lower than the revised print of 1.0 per cent for April 2025.

Given these trends, the index of industrial production (IIP) is likely to have grown by a muted 1.5-2.5 per cent in May 2025, ICRA said in a release.

Fibre2Fashion News Desk (DS)

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