India Industrial production September 2020

India

India: Industrial activity expands for the first time since February in September

November 12, 2020

Industrial output increased a modest 0.2% year-on-year in September (August: -7.4% yoy). The figure marked the best result since February and smashed market expectations of 2.0% decline.

The reading reflected a broad-based upturn, with activity in the mining and electricity sectors expanding, while the contraction in the manufacturing sector softened notably.

Meanwhile, the trend pointed up, with the annual average variation of industrial production coming in at minus 11.7%, up from August's minus 12.1% 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

Sample Report

Looking for forecasts related to Industrial production in India? Download a sample report now.

Download

India Industrial production Chart


India Industry September 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.


India Economic News

More news

Search form