India’s Economic Growth Slows Slightly in December: ICRA Report

India’s economy sent mixed signals as 2025 came to a close. According to the ICRA Business Activity Monitor, high‑frequency activity indicators slowed slightly in December compared with November, hinting at a modest slowdown in overall growth. Yet, at the same time, industrial output jumped 7.8% year‑on‑year, the fastest in over two years, led by manufacturing and mining.