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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 3.3 | 4.6 | 4.4 | 3.8 | -1.2 |
India Industry Chart
Source: Ministry of Statistics and Programme Implementation and FocusEconomics calculations.
India Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.50 | -0.04 % | Jan 01 |
| Exchange Rate | 71.23 | -0.09 % | Jan 01 |
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