India Industrial production September 2022


India: Industrial output rebounds in September

November 11, 2022

Industrial output increased 3.1% compared to the same month a year earlier in September, which contrasted August's 0.7% decrease. September's notable rebound came on the back of recoveries in manufacturing and mining output growth.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over one-year low of 4.4%, down from August's 4.5% reading.

FocusEconomics panelists expect industrial production to increase 8.5% in FY 2022, which is up 1.4 percentage points from the previous month’s forecast. The panel sees industrial production rising 6.1% in FY 2023.


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India Industrial production Chart

India Industry September 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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