War impact: Output of key industries fell 0.4% in March, fertiliser production slumped 25%

What Happened

India's eight core industries contracted 0.4% in March 2025, marking the first decline since October 2024. Fertiliser production plummeted 24.6%, the largest drop on record, attributed to West Asia conflict disruptions. Crude oil fell 5.7% for the seventh consecutive month, while coal declined 4%. For 2025-26, core sector growth remained weak at 2.6%, worst since pandemic-hit 2020-21.

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