India Industrial production March 2022

India

India: Industrial output growth rises in March

May 13, 2022

Industrial output grew 1.8% year-on-year in March (February: +1.5% yoy). March's upturn was largely driven by pickups in manufacturing and electricity production.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 11.3% in March, down from February's 13.4% reading.

FocusEconomics panelists expect industrial production to increase 5.8% in FY 2022, which is down 0.5 percentage points from the previous month’s forecast. The panel sees industrial production rising 5.8% in FY 2023.


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India Industrial production Chart


India Industry March 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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