India Industry


India: Industrial production continues to slide

August 9, 2012

In June, industrial production contracted 1.8% over the same month last year, according to the so-called quick estimate for the index of industrial production (IIP). The reading contrasted both the revised 2.5% increase recorded in May (previously reported: +2.4% year-on-year) as well as market expectations of a 0.4% rise. The monthly contraction primarily reflected a decline in the manufacturing sector, which accounts for over three quarters of total industrial output. On a use-based classification, the monthly fall was mainly driven by plummeting growth in capital goods production. As a result of the monthly drop, the trend continues to point downwards, with annual average growth in industrial production falling from 2.2% in May to 1.3%.


Sample Report

Looking for forecasts related to Industry in India? Download a sample report now.


India Industry Chart

India Industry June 2012

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Ministry of Statistics and Programme Implementation (MOSPI) and FocusEconomics calculations.

India Economic News

More news

Search form