Industry in India

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India - Industry

Industrial production growth slows in May

Industrial production increased 3.1% in May in annual terms, down from April’s revised 4.3% increase (previously reported: +3.4% year-on-year).

In terms of sectors, growth was notably underpinned by an expansion in the electricity sector, although the manufacturing and mining sectors posted strong expansions too. On a use-based classification, output of consumer non-durable goods powered the growth reading in May.

Annual average growth in industrial production moderated to 3.6% in May from 3.7% in April.

FocusEconomics panelists expect industrial production to increase 4.5% in fiscal year 2019, which is down 0.5 percentage points from last month’s projection. For fiscal year 2020, the panel expect industrial output to expand 5.2%.

India - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.3  4.1  3.3  4.6  4.4  

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India Industry Chart

India Industry
Note: Annual variation of industrial production in %.
Source: Ministry of Statistics and Programme Implementation and FocusEconomics calculations.

India Facts

Bond Yield6.49-0.04 %Jul 11
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