Industry in India

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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  

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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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