Industry in India
India - Industry
Industrial production drops in December
Industrial production decreased 0.3% in December compared to the same month a year earlier, contrasting the 1.8% increase in November.
Industrial output fell due to declines in the manufacturing and electricity generation sectors in December; on the other hand, output rose in the mining sector. By use, industrial production in December was dragged on by a sharp fall in capital goods output, in addition to a heavy drop in consumer durable goods production.
Annual average growth in industrial production eased to 0.8% in December from 1.1% in November.
FocusEconomics panelists expect industrial production to increase 3.2% in FY 2020, which is down 0.4 percentage points from last month’s projection. For FY 2021, the panel expects industrial output to expand 4.6%.
India - Industry Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 4.1 | 3.3 | 4.6 | 4.4 | 3.8 |
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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Economic News
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India: Consumer price inflation accelerates in January
February 14, 2020
Consumer prices dropped 0.13% in January compared to the previous month, contrasting the 1.21% increase in December.
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India: Exports and imports both decrease in January
February 14, 2020
Merchandise exports decreased 1.7% in January from the same month a year earlier, similar to the 1.8% decrease in December and amounting to a total value of USD 26.0 billion.
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India: Industrial production drops in December
February 12, 2020
Industrial production decreased 0.3% in December compared to the same month a year earlier, contrasting the 1.8% increase in November. Industrial output fell due to declines in the manufacturing and electricity generation sectors in December; on the other hand, output rose in the mining sector.
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India: FY 2020 budget unlikely to kickstart economic growth
February 6, 2020
On 1 February, the government unveiled its budget for the 2020 fiscal year, which begins in April.
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India: Reserve Bank of India leaves rates unchanged in February but still eases monetary policy
February 6, 2020
The Reserve Bank of India (RBI) decided to leave all monetary policy rates unchanged at its three-day meeting ending on 6 February, as expected by market analysts due to higher-than-expected inflation.
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