New Delhi, May 27 -- India's Index of Industrial Production, a measure of industrial output, will decelerate to 1.2 per cent year on year in April 2025 from 3 per cent in March due to the broad-based slowdown in economic activity, particularly mining and manufacturing, says a report by the Union Bank of India (UBI)

According to the report, the country's IIP is expected to stay significantly lower than the 5.2 per cent of April 2024, indicating a "slowdown in economic activity" in the Indian economy.

"We had flagged a potential sharp slowdown in April IIP numbers in the March data report (IIP March 2025) due to a spike in global trade uncertainty during the month on reciprocal tariff hikes by the US (the highest since WWII)," the report ...