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

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.

ALCHEMPro News Desk (DS)