India Industrial production February 2022

India

India: Industrial output growth gains momentum in February

March 11, 2022

Industrial output grew 1.7% in year-on-year terms in February, which was above January's 1.5% increase. Looking at the details of the release, manufacturing output slowed in February, while mining output grew at a quicker pace. Meanwhile, Electricity production also expanded.

Meanwhile, annual average industrial production growth rose to 13.4% in February (January: +12.9%). This signals an improving trend in the industrial sector.

FocusEconomics panelists expect industrial production to increase 11.9% in FY 2021, which is unchanged from the previous month’s forecast. The panel sees industrial production rising 6.4% in FY 2022.


Author:, Economist

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India Industrial production Chart


India Industry February 2022

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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