Industry in India
India - Industry
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.
FocusEconomics panelists expect industrial production to increase 3.2% in FY 2020, which is unchanged from last month’s projection. For FY 2021, the panel expects industrial output to expand 4.5%.
India - Industry Data
|Industrial Production (annual variation in %)||3.3||4.6||4.4||3.8||-1.2|
5 years of economic forecasts for more than 30 economic indicators.
India Industry Chart
Source: Ministry of Statistics and Programme Implementation and FocusEconomics calculations.
|Bond Yield||6.50||-0.04 %||Jan 01|
|Exchange Rate||71.23||-0.09 %||Jan 01|
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November 12, 2021
Industrial output increased 3.1% compared to the same month of the previous year in September, which was weaker than August's 12.0% expansion.
November 12, 2021
Consumer prices increased 1.41% from the previous month in October, accelerating from September's 0.18% increase.
November 10, 2021
Merchandise exports shot up 42.5% annually in October (September: +22.6% year-on-year).
November 4, 2021
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit rose from 55.3 in September to 58.7 in October.
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Merchandise exports shot up 21.2% over the same month last year in September (August: +45.8% year-on-year).