Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details...
Industrial Production in India
The Indian economy recorded an average industrial production growth rate of 3.4% in the decade to 2024. In 2024, industrial production growth was 4.1%. For more industry information, visit our dedicated page.
India Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for India from 2023 to 2022.
Source: Macrobond.
India Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -8.5 | 11.4 | 5.3 | 5.9 | 4.1 |
Industrial output decelerates for fourth consecutive month in June
Latest reading: Annual growth of industrial output decelerated for the fourth consecutive month in June, clocking in at 1.5%, which was a deterioration from May's 1.9% increase. June's result was the worst since August 2024 and undershot market expectations. An acceleration in manufacturing output was more than offset by a sharper decline in mining output, which has been weighed on by lower coal prices and export demand from China. Meanwhile, annual average industrial production growth fell to 3.2% in June (May: +3.5%), signaling a worsening trend in the industrial sector.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indian industry projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Indian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indian industry projections.
Want to get access to the full dataset of Indian industry forecasts? Send an email to info@focus-economics.com.
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