West Asia crisis to impact near-term IIP growth
Icra reports that the West Asia crisis will negatively impact near-term IIP growth, with leather output contracting by 4.6% in March 2026. Supply chain disruptions are expected to weigh on manufacturing output as the new IIP series is introduced next month.
pre-market1 source ↓written by the desknot a recommendation
- in leather
- 4.6% contraction
The ongoing crisis in West Asia is expected to adversely affect the index of industrial production (IIP) growth, as reported by Icra. Disruptions in supply chains have led to a 4.6% contraction in leather and related products output in March 2026 compared to the previous year. This trend indicates potential challenges for manufacturing sectors moving forward.
Not investment advice. For informational purposes only.