Manufacturing output growth also halved to 2.9% in February from 5.8% in January. Electricity generation, however, maintained the momentum with 3.6% growth compared to 2.4% in January.
According to Aditi Nayar, chief economist, ICRA, while the growth performance of mining is expected to deteriorate in March 2025 relative to February 2025, it is likely to be offset by an uptick in electricity generation, amid steady manufacturing growth.In use-based categories, consumer non-durables output shrank by 2.1% against a contraction of 0.3% witnessed in the previous month. This is the third month in a row when consumer non-durables output was in the negative territory. Intermediaries goods production growth showed sharpest dip to 1.5% in February versus 5.3% in January. Consumer durables rose by 3.8% in February.