India Industrial production December 2020


India: Industrial output bounces back in December

February 12, 2021

Industrial output rose 1.0% in December (November: -2.1% yoy). The reading reflected a broad-based improvement, with activity in the manufacturing, mining and electricity sub-sectors all improving in December.

Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at minus 11.0% in December, up from November's minus 11.1% reading.

FocusEconomics panelists expect industrial production to rise 11.9% in FY 2021, which is unchanged from last month’s projection. In FY 2022, the panel expects industrial output to expand 5.0%.

Author:, Economist

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India Industrial production Chart

India Industry December 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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