India Industrial production August 2020


India: Decline in industrial activity softens in August

October 12, 2020

Industrial output fell 8.0% year-on-year in August (July: -10.8% yoy). The figure marked the best result since February.

The reading reflected a broad-based upturn, with activity in the manufacturing, mining and electricity sectors all improving in August.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 12.1%, down from July's minus 11.5% reading.

FocusEconomics panelists expect industrial production to decrease 16.5% in FY 2020, which is down 1.0 percentage points from last month’s projection. In FY 2021, the panel expects industrial output to expand 11.0%.

Author:, Economist

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India Industrial production Chart

India Industry August 20 20

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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