India’s industrial output growth slowed to 3.2% in August from 5.7% in July, indicating softer manufacturing momentum and easing demand across core sectors. The manufacturing index expanded modestly, while mining and electricity output provided limited support. Economists attributed the slowdown to base effects and inventory adjustments ahead of the festive season. Despite the dip, analysts expect output to rebound in the coming months as festive demand, infrastructure spending, and easing input costs support a gradual recovery in industrial activity.