India Industrial production September 2021

India: Industrial output posts the worst print since February in September

Industrial output increased 3.1% compared to the same month of the previous year in September, which was weaker than August’s 12.0% expansion. The slowdown was largely driven by weaker mining and quarrying, manufacturing and utilities output growth.

Meanwhile, the trend improved marginally, with the annual average growth of industrial production coming in at 18.9% in September, up from August’s 18.7%.

Commenting on the current state of the economy, analysts at Nomura noted:

“Demand is recovering at a swift pace and the current moderation in infection cases has also resulted in a sharp rebound in mobility and contact-intensive services. However, the industrial sector is reeling under multiple supply-side headwinds: energy shocks, including coal shortages, although this has started to ease at the margin, semiconductor shortages and higher input costs.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest