India industrial output slows to 4.1% in March as Iran war hits supplies costs

A conflict thousands of miles away is raising costs

India’s industrial output rose 4.1% in March, the slowest in five months, driven by weakness in electricity and a dip in manufacturing. Economists point to the Iran conflict for disruptions that lift supply pressures and costs. Even so, growth beat forecasts. Capital goods demand stayed strong, while government spending helped sustain infrastructure growth.