India's industrial production plunged an upwardly revised 18.3 percent year-on-year in March 2020, compared to a 16.7 percent fall initially reported. It is the steepest decline since records began in 1994 and much worse than market expectations of an 8.7 percent tumble, as the COVID-19 pandemic forced many businesses to close. Manufacturing production contracted at a record pace (-22.4 percent) electricity (-8.2 percent) and mining (-1.4 percent) also fell. The government released only quick estimates for the month of May which showed a 34.7 percent drop in industrial production but warned those figures should not be compared with previous months due to insufficient data as the country was under lockdown amid efforts to contain the spread of the COVID-19 pandemic. The same applies to April figures when a revised estimate showed a 57.6 percent plunge.

Industrial Production in India averaged 6.03 percent from 1994 until 2020, reaching an all time high of 19.90 percent in November of 2006 and a record low of -18.30 percent in March of 2020. This page provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Industrial Production in India is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in India to stand at 3.90 in 12 months time. In the long-term, the India Industrial Production is projected to trend around 4.50 percent in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
India Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-18.30 5.20 19.90 -18.30 1994 - 2020 percent Monthly
2011-2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-12 12:00 PM Dec -0.3% 1.8% 1.8% 2%
2020-03-12 12:00 PM Jan 2% 0.1% 0.7% 0.5%
2020-04-09 12:00 PM Feb 4.5% 2.1% 3.2% 0.6%
2020-05-12 12:00 PM Mar -16.7% 4.6% -8.7% -8.3%
2020-08-11 12:00 PM Jun -10.7%
2020-09-11 12:00 PM Jul
2020-10-12 12:00 PM Aug
2020-11-12 12:00 PM Sep 5.5%


News Stream
India Industrial Output Falls the Most on Record
India's industrial production plunged 16.7 percent year-on-year in March 2020, the steepest decline since records began in 1994 and much worse than market expectations of an 8.7 percent tumble, as the COVID-19 pandemic forced many businesses to close. Manufacturing production contracted at a record pace (-20.6 percent vs 3.1 percent) and electricity output also fell (-6.8 percent vs 11.5 percent). Mining output, however, was unchanged, after growing by 9.7 percent in February.
2020-05-12
India Industrial Output Beats Expectations
India's industrial production growth accelerated to 4.5 percent year-on-year in February 2020 from an upwardly revised 2.1 percent in the previous month, easily beating market expectations of 3.2 percent. There were increases in manufacturing (3.2 percent vs 1.6 percent), mining (10.0 percent vs 4.3 percent) and electricity output (8.1 percent vs 3.1 percent).
2020-04-09
India Industrial Output Growth Strongest in 6 Months
Industrial production in India jumped 2% year-on-year in January of 2020, following a revised 0.1% rise in December and beating market forecasts of a 0.7% increase. It is the biggest annual gain in industrial output in six months, due to a rebound in manufacturing (1.5% vs -0.7%), with manufacture of tobacco, basic metals and furniture recording the biggest gains. Electricity output also recovered (3.1% vs -0.1%) while mining went up at a slower pace (4.4% vs 5.7%). Considering April to January, industrial production rose by a meagre 0.5%, slowing sharply from a 4.4% expansion in the same period of the previous fiscal year.
2020-03-12
India Industrial Output Back to Contraction in December
India's industrial production fell 0.3 percent from a year earlier in December 2019, following a 1.8 percent growth in the previous and missing forecasts of a 1.8 percent advance. Manufacturing production dropped 1.2 percent (vs 2.7 percent in November), led by computer, electronic & optical products, machinery & equipment and printing & reproduction of recorded media, and electricity supply edged down 0.1 percent (vs -5 percent in November). Meanwhile, mining output grew 5.4 percent (vs 1.8 percent in November). Considering April to December, industrial production rose by a meager 0.5 percent, slowing sharply from a 4.7 percent expansion in the same period of the previous fiscal year.
2020-02-12

India Industrial Production
In India, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. In India, manufacturing accounts for 77.6 percent of total output, mining for 14.4 percent and electricity for 8 percent.