India Industry February 2019


India: Industrial production growth tumbles in February

April 12, 2019

Annual industrial production growth decelerated to 0.1% in February from a revised 1.4% in January (previously reported: +1.7% year-on-year), starkly undershooting market analysts’ expectations of 2.0% growth.

In terms of sectors, the deceleration was due to a decrease in manufacturing output and slower growth in mining output. On the other hand, the electricity generation sector observed a slight uptick in output growth in February. On a use-based classification, industrial production was weighed on by decreases in the output of capital goods and intermediate goods, and feeble growth in the output of primary, infrastructure and consumer durable goods. On the other hand, output of consumer non-durable goods increased at a healthy pace.

India Industrial Production Forecast

FocusEconomics panelists expect industrial production to increase 5.8% in fiscal year 2018, which is down 0.2 percentage points from last month’s forecast. For fiscal year 2019, the panel expects industrial output to expand 6.0%.

Author:, Economist

Sample Report

Looking for forecasts related to Industry in India? Download a sample report now.


India Industry Chart

India Industry February 2019

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Ministry of Statistics and Programme Implementation (MOSPI) and FocusEconomics calculations.

India Economic News

More news

Search form