India Industrial production February 2021


India: Industrial output records largest decline in six months in February

April 9, 2021

Industrial output decreased 3.6% in February (January: -0.9% yoy). Looking at the details of the release, manufacturing production contracted at a sharper rate in February, and the decline in mining output worsened.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 11.9% in February, down from January's minus 11.2%.

FocusEconomics panelists expect industrial production to rise 11.9% in FY 2021, which is unchanged from last month’s projection. In FY 2022, the panel expects industrial output to expand 5.0%.

Author:, Economist

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India Industrial production Chart

India Industry February 2021

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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