Business
IIP data: Industrial output rises 5.2% in February, manufacturing leads recovery – The Times of India
India’s industrial production grew 5.2 per cent in February, driven largely by an improvement in manufacturing output, according to official data released on Monday.Factory output, measured by the Index of Industrial Production (IIP), had expanded 2.7 per cent in February 2025, as per the official statement.Data released by the National Statistics Office (NSO) also showed that industrial growth for January 2026 has been revised upward to 5.1 per cent from the earlier provisional estimate of 4.8 per cent.The manufacturing sector, which forms the bulk of the index, recorded a growth of 6 per cent in February 2026, compared with 2.8 per cent in the year-ago period, supporting the overall expansion.Mining output growth improved marginally to 3.1 per cent from 1.6 per cent a year earlier, while power generation rose 2.3 per cent against a 3.6 per cent increase in February 2025.According to the official data, the IIP index stood at 159.0 in February 2026 compared to 151.1 in the corresponding month last year.Within manufacturing, 14 out of 23 industry groups recorded positive growth. Key contributors included “manufacture of basic metals” (13.2 per cent), “manufacture of motor vehicles, trailers and semi-trailers” (14.9 per cent), and “manufacture of machinery and equipment n.e.c.” (10.2 per cent).In use-based classification, infrastructure and construction goods, intermediate goods and capital goods emerged as the top contributors to growth. Capital goods output rose 12.5 per cent, while infrastructure/construction goods grew 11.2 per cent and intermediate goods by 7.7 per cent.Consumer durables output expanded 7.3 per cent, whereas consumer non-durables contracted 0.6 per cent during the month.During the April-February period of FY26, industrial production growth remained flat at 4.1 per cent compared to the same period last year.
Business
‘Potential to diversify’: US state secretary Rubio pushes for US energy supplies to India in meeting with PM Modi
US Secretary of State Marco Rubio emphasised Washington’s intent to prevent geopolitical disruptions from distorting global energy markets, as tensions linked to the Iran conflict continue to affect oil supply routes and pricing dynamics.During discussions on energy security, Rubio’s office, quoted by Reuters, stressed that the US sees energy exports as a key instrument in strengthening partnerships, particularly with India, which remains a major crude importer navigating supply diversification challenges.In that context, Rubio said, “US energy products have the potential to diversify India’s energy supply.” He also emphasized a broader US position on global energy stability amid the Iran-related crisis, with his office adding, “the United States will not let Iran hold the global energy market hostage.”The remarks come as the Iran war has disrupted global energy flows and contributed to volatility in oil markets, complicating efforts by Washington to reduce India’s reliance on Russian crude imports. The instability has added a new layer of complexity to US energy diplomacy in Asia, where supply security has become increasingly central to strategic engagement.Officials indicated that the ripple effects of the conflict have not only impacted global pricing but also slowed parts of Washington’s broader effort to realign energy trade flows away from sanctioned or high-risk suppliers.Rubio’s comments were made alongside broader engagement in New Delhi, where he met Indian leadership to discuss energy cooperation, trade expansion under the “Mission 500” framework, and Indo-Pacific strategic alignment through the Quad.In earlier public remarks, Rubio had also signalled a more aggressive US commercial energy posture toward India, saying, “We want to sell them as much energy as they’ll buy.”Separately, he reiterated India’s importance in Washington’s strategic outlook, describing it as a key partner in shaping long-term regional stability while the US continues to manage the economic and geopolitical spillovers of the Iran conflict.
Temperatures are rising across the country, and so is the price of ice cream – but by how much?
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A rebrand of the junction 32 retail park off the M62 has gone down poorly with some locals in Castleford.
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