Industry in India
India - Industry
Industrial production growth accelerates in July
Industrial production increased 4.3% year-on-year in July, up from June’s revised 1.2% reading (previously reported: +2.0% year-on-year).
All industrial sectors contributed to the overall acceleration in July, including mining, manufacturing and electricity. By use, industrial production was boosted by strong output increases of intermediate and consumer non-durable goods, while output of primary and infrastructure goods also increased, but output of consumer durable and capital goods decreased at a sharper pace.
Annual average growth in industrial production moderated to 3.2% in July from 3.4% in June.
FocusEconomics panelists expect industrial production to increase 3.8% in FY 2019, which is down 0.7 percentage points from last month’s projection. For FY 2020, the panel expect industrial output to expand 4.8%.
India - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 3.3 | 4.1 | 3.3 | 4.6 | 4.4 |
India Industry Chart
Source: Ministry of Statistics and Programme Implementation and FocusEconomics calculations.
India Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.55 | -0.04 % | Sep 04 |
| Exchange Rate | 71.99 | -0.09 % | Sep 04 |
| Stock Market | 36,725 | -0.08 % | Sep 04 |
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Economic News
India: Exports and imports both decrease in August
September 13, 2019
Merchandise exports declined6.0% year-on-year in August, amounting to USD 26.1 billion, contrasting July’s 2.3% increase.
India: Consumer price inflation accelerates slightly in August
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In August, consumer prices rose 0.49% compared to the previous month, down from July’s 0.91% increase.
India: Industrial production growth accelerates in July
September 12, 2019
Industrial production increased 4.3% year-on-year in July, up from June’s revised 1.2% reading (previously reported: +2.0% year-on-year).
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September 5, 2019
The composite Purchasing Managers’ Index (PMI) produced by IHS Market decreased to 52.6 in August from 53.9 in July, which represented the highest reading since November 2018.
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August 30, 2019
In Q1 FY 2019, which ran from April to June, the economy grew 5.0% compared to the same period a year earlier, well below Q4 FY 2018’s 5.8% expansion and market analysts’ expectations of 5.7% growth.
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