India Industry April 2018


India: Industrial production growth accelerates in April

June 12, 2018

Annual industrial production growth accelerated to 4.9% in April from a revised 4.3% in March (previously reported: +4.4% year-on-year). The expansion in April was primarily supported by strong growth in the mining and manufacturing sectors. On the other hand, the electricity sector expanded at a weak pace in April.

On a use-based classification, higher industrial production in April was driven by strong growth in the production of capital goods. Moreover, output of both consumer non-durable and infrastructure goods was strong in April. Meanwhile, modest production growth was observed for intermediate goods and consumer durable goods in April.

FocusEconomics panelists expect industrial production to increase 6.0% in fiscal year 2018, which is down 0.1 percentage points from last month’s forecast. For fiscal year 2019, the panel expects industrial output to expand 6.3%.

Author:, Economist

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