Russia: Industrial output records lowest expansion in over a year in June
Industrial output rose 1.9% year on year in June (May: +5.3% yoy). The result marked the worst reading since March...
Industrial Production in India
India's economy recorded an average growth rate of 3.1% in industrial production in the decade to 2022, below the 4.1% average for Asia-Pacific. In 2022, industrial production growth was 5.3%. For more industry information, visit our dedicated page.
India Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for India from 2023 to 2022.
Source: Macrobond.
India Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -0.8 | -8.5 | 11.4 | 5.3 | 5.9 |
Industrial output grows at fastest pace since October 2023 in May
Industrial production expanded 5.9% year on year in May (April: +5.0% yoy). The result marked the best reading since October 2023. The improvement was partly due to faster growth in manufacturing output. In contrast, mining production decelerated. Meanwhile, annual average growth of industrial production was 5.9% in May, matching April's print.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indian industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Indian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indian industry projections.
Want to get access to the full dataset of Indian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
-
-
Taiwan: Industrial output growth ebbs in June but remains in double digits
Industrial output expanded 13.2% in year-on-year terms in June, which was a deterioration from May’s 15.7% increase but still a... -
Lithuania: Industrial output falls at sharpest rate since December 2023 in June
Industrial production dropped 4.5% year on year in June (May: +5.0% yoy). The outturn marked the worst reading since December... -
Belarus: Industrial output growth ebbs in June
Industrial production grew 7.1% year on year in June (May: +8.0% yoy). The reading was largely due to a deterioration... -
Romania: Industrial output contracts at sharpest rate in three years in May
Industrial output collapsed 6.2% month on month in calendar-adjusted seasonally adjusted terms in May (April: -1.8% mom). The result marked... -
Cyprus: Industrial output growth gains steam in May
Industrial output expanded 5.0% year on year in calendar-adjusted terms in May, which was above April’s 2.9% increase. May’s rise... -
Euro Area: Industrial declines in May
Industrial production decreased 0.6% month-on-month in seasonally adjusted terms in May (April: 0.0% mom). Looking at the details of the...