2025年2月，印度基础设施产出同比增长2.9%，低于上个月向上修正的5.1%的增长率。这是自去年9月以来最疲软的增长，煤炭（1.7%比1月的4.6%）、炼油产品（0.8%比8.3%）和水泥（10.5%比14.6%）的增长明显放缓。此外，原油（-5.2%对-1.1%）和天然气（-6%对-1.5%）的产量下降。另一方面，化肥产量大幅增长（10.2%对3%）。在4月至2月期间，基础设施产出增长了4.4%，低于去年同期7.8%的激增。

India's infrastructure output advanced by 2.9% year-on-year in February 2025, slowing from an upwardly revised 5.1% growth in the previous month. This represented the weakest growth since last September, with notable slowdowns in coal (1.7% vs. 4.6% January), refinery products (0.8% vs. 8.3%), and cement (10.5% vs. 14.6%). Moreover, output declined for crude oil (-5.2% vs -1.1%) and natural gas (-6% vs -1.5%). On the other hand, production jumped for fertilizers (10.2% vs 3%). In the April-February period, infrastructure output grew by 4.4%, down from an 7.8% surge in the same period last year.

印度卢比继续走强，达到85.5美元兑1美元，达到2024年12月下旬以来的最高水平，这主要是由于外国资金流入资本市场的复苏。本月，本币升值了2%以上，这是自2018年11月以来的最大涨幅，当时人民币升值了5%以上。然而，国内市场疲软和美元升值限制了进一步的涨幅。此外，在全球贸易紧张局势加剧以及美国即将实施的互惠关税的潜在经济影响下，投资者仍持谨慎态度。

The Indian rupee continued to strengthen toward 85.5 per USD, reaching its highest level since late December 2024, largely driven by a resurgence in foreign fund inflows into the capital markets. The local currency appreciated by over 2% this month, marking its biggest gain since November 2018, when it had risen by more than 5%. However, further gains were capped by weak domestic markets and a rising US dollar. Additionally, investors remained cautious amid growing global trade tensions and the potential economic impact of looming US reciprocal tariffs.

在2024-25财年（FY 25）的最后一个交易日，BSE Sensex指数收于77415点，下跌约0.3%，扭转了前一交易日的涨幅，因为交易员在特朗普关税的不确定性下选择获利。美国总统唐纳德·特朗普将于4月2日宣布对包括印度在内的几个贸易伙伴征收互惠关税。受美国IT股领跌，该交易日普遍下跌。汽车股下跌1%，受马恒达和马恒达在下周公布3月销售数据前下跌2.5%的推动。与此同时，快速消费品行业表现出韧性，Kotak Mahindra银行、印度斯坦联合利华、ICICI银行、塔塔汽车、雀巢和Bharti Airtel等涨幅最大。印度基准指数在本财年上涨了约5%。本月，Sensex指数上涨0.7%，得益于对国内经济数据的乐观情绪，外国资金再次流入。印度市场将于3月31日星期一因开斋节而关闭，交易将于2025年4月1日星期二恢复。

The BSE Sensex closed about 0.3% lower at 77,415 on the last trading session of the financial year 2024-25 (FY 25), reversing gains from the prior session, as traders opted to secure profits amid uncertainties over Trump tariffs. US President Donald Trump is due to announce reciprocal tariffs on several trading partners, including India, on April 2. The session experienced widespread losses, led by US-exposed IT stocks. Auto shares lost 1%, driven by a 2.5% loss in Mahindra & Mahindra ahead of the release of March sales data next week. Meanwhile, the FMCG sector showed resilience, with Kotak Mahindra Bank, Hindustan Unilever, ICICI Bank, Tata Motors, Nestle and Bharti Airtel among the top gainers. Indian benchmarks rose about 5% in the fiscal year. For the month, the Sensex added 0.7%, buoyed by renewed foreign inflows amid optimism about domestic economic data. Indian markets will be closed on Monday, March 31, for Eid festivities, and trading will resume on Tuesday, April 1, 2025.

2024-25年4月至2月，印度的财政赤字从上一财政年度同期的15.01万亿卢比收窄至13.47万亿卢比。总支出增长3.9%，达到38.93万亿卢比，而收入增长13.4%，达到25.46万亿卢比。

India's fiscal deficit narrowed to INR 13.47 trillion in April-February 2024-25, from INR 15.01 trillion in the corresponding period of the previous fiscal year. Total expenditure increased by 3.9% to reach INR 38.93 trillion, while receipts grew by 13.4% to INR 25.46 trillion.