India Industrial production November 2020


India: Industrial activity deteriorates in November

January 12, 2021

Industrial production fell 1.9% year-on-year in November (October: +4.2% yoy). The notable downturn was primarily due to contractions in manufacturing and mining production.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 11.1%, down from October's minus 10.7% reading.

FocusEconomics panelists expect industrial production to decrease 10.3% in FY 2020, which is up 5.0 percentage points from last month’s projection. In FY 2021, the panel expects industrial output to expand 12.6%.

Author:, Economist

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India Industrial production Chart

India Industry November 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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