Industry in India

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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  

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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

Value Change Date
Bond Yield6.50-0.04 %Jan 01
Exchange Rate71.23-0.09 %Jan 01

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