India Industrial production July 2022


India: Industrial output growth moderates in July

September 12, 2022

Industrial output expanded 2.4% compared to the same month of the previous year in July, which followed June's 12.7% increase. The reading was partly driven by a deterioration in manufacturing production growth. In addition, mining output fell.

Meanwhile, annual average industrial production growth fell to 5.6% in July (June: +6.3%), which marked an over one-year low.

FocusEconomics panelists expect industrial production to increase 6.2% in FY 2022, which is up 0.6 percentage points from the previous month’s forecast. The panel sees industrial production rising 4.9% in FY 2023.


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India Industrial production Chart

India Industry July 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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