India Industry February 2020

India: Industrial production growth accelerates in February

Industrial production increased 4.5% in February compared to the same month a year earlier, up from January’s revised 2.1% increased (previously reported: +2.0% year-on-year).

February’s improved reading was due to a faster increase in manufacturing output, which accounts for the bulk of industrial production. In addition, output of mining and electricity increased quickly. By use, industrial production was particularly boosted by a sharp rise in intermediate goods production.

Annual average growth in industrial production accelerated to 1.1% in February from 0.7% in January.

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