New Delhi, April 28 -- India's index of industrial production (IIP) growth moderated to five-month low of 4.1% in March, down from 5.1% in February, but improved from 3.9% in March 2025.

Weakness in less than half of the manufacturing sectors tracked by IIP weighed on output amid rising input costs and supply disruptions, according to provisional data released by the ministry of statistics and programme implementation (MoSPI) on Tuesday.

The latest print suggests that higher input costs are beginning to affect production margins and demand, even as some high-frequency indicators show mixed resilience.

This follows the core sector reading, which showed a contraction by 0.4% in March, its lowest level in 19 months, compared with a revise...