India Industrial production July 2021


India: Industrial output growth continues to moderate in July

September 10, 2021

Industrial output increased 11.45% compared to the same month of the previous year in July, which was softer than June's 13.6% increase. The slowdown was largely driven by weaker growth in manufacturing and mining and quarrying output.

Nevertheless, the trend improved, with the annual average growth of industrial production coming in at 17.2% in July, up from June's 17.2%.

FocusEconomics panelists expect industrial production to increase 10.1% in FY 2021, which is up 0.7 percentage points from the previous month’s forecast The panel sees industrial production rising 6.2% in FY 2022, which is unchanged from last month’s projection.

Author:, Economist

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India Industrial production Chart

India Industry July 2021

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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