India Industrial production November 2021


India: Industrial output records slowest growth since February in November

January 10, 2022

Industrial output rose 1.4% in year-on-year terms in November, which followed October's 4.0% increase. The outturn marked the worst reading since February. November's slowdown was largely driven by a deterioration in manufacturing output growth, as it expanded at the slowest pace since February. In addition, mining output weakened.

Meanwhile, annual average industrial production growth rose to 19.2% in November (October: +19.0%), signaling an improving trend in the industrial sector.

FocusEconomics panelists expect industrial production to increase 11.9% in FY 2021, which is unchanged from the previous month’s forecast. The panel sees industrial production rising 6.4% in FY 2022.

Author:, Economist

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