Industry in India
India - Industry
Industrial production growth slows in May
Industrial production increased 3.1% in May in annual terms, down from April’s revised 4.3% increase (previously reported: +3.4% year-on-year).
In terms of sectors, growth was notably underpinned by an expansion in the electricity sector, although the manufacturing and mining sectors posted strong expansions too. On a use-based classification, output of consumer non-durable goods powered the growth reading in May.
Annual average growth in industrial production moderated to 3.6% in May from 3.7% in April.
FocusEconomics panelists expect industrial production to increase 4.5% in fiscal year 2019, which is down 0.5 percentage points from last month’s projection. For fiscal year 2020, the panel expect industrial output to expand 5.2%.
India - Industry Data
|Industrial Production (annual variation in %)||3.3||4.1||3.3||4.6||4.4|
5 years of economic forecasts for more than 30 economic indicators.
India Industry Chart
Source: Ministry of Statistics and Programme Implementation and FocusEconomics calculations.
|Bond Yield||6.49||-0.04 %||Jul 11|
|Exchange Rate||68.41||-0.09 %||Jul 11|
|Stock Market||38,823||-0.08 %||Jul 11|
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July 16, 2019
In June, consumer prices rose 0.63% compared to the previous month, up from May’s 0.57% figure.
July 15, 2019
Merchandise exports decreased 9.7% in June compared to the same month a year earlier, contrasting the 3.9% increase in May, seemingly due to fewer exports from labor-intensive manufacturing sectors such as textiles, and gems and jewelry.
July 12, 2019
Industrial production increased 3.1% in May in annual terms, down from April’s revised 4.3% increase (previously reported: +3.4% year-on-year). In terms of sectors, growth was notably underpinned by an expansion in the electricity sector, although the manufacturing and mining sectors posted strong expansions too.
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