India Industrial production April 2022

India

India: Industrial output records quickest growth since August 2021 in April

June 10, 2022

Industrial output expanded 7.1% in year-on-year terms in April, which followed March's 2.2% increase. April's figure marked the strongest increase since August 2021. The notable pickup was largely due to faster growth in manufacturing output. In addition, mining production picked up pace.

Meanwhile, annual average industrial production growth fell to 6.6% in April (March: +11.4%). This signals a worsening trend in the industrial sector.

FocusEconomics panelists expect industrial production to increase 5.0% in FY 2022, which is down 0.6 percentage points from the previous month’s forecast. The panel sees industrial production rising 4.6% in FY 2023.


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India Industrial production Chart


India Industry April 2022

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Ministry of Statistics and Programme Implementation (MOSPI) and FocusEconomics calculations.


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