Industrial production in India increased 1.8 percent year-on-year in November of 2019, following an upwardly revised 4 percent slump in October. Figures beat market forecasts of a 0.6 percent decline. Both manufacturing (2.7 percent vs -2.3 percent) and mining (1.7 percent vs -8 percent) rebounded while electricity production fell 5 percent, after a 12 percent drop in October. Considering April-November 2019, industrial output rose a meagre 0.6 percent.

Industrial Production in India averaged 6.16 percent from 1994 until 2019, reaching an all time high of 19.90 percent in November of 2006 and a record low of -7.20 percent in February of 2009. This page provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in India is expected to be 1.10 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 3.50 in 12 months time. In the long-term, the India Industrial Production is projected to trend around 4.50 percent in 2020, according to our econometric models.

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India Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
1.80 -4.00 19.90 -7.20 1994 - 2019 percent Monthly
2011-2012=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-11 12:00 PM Aug -1.1% 4.6% 1.8% 2%
2019-11-11 12:00 PM Sep -4.3% -1.4% -2% -2.4%
2019-12-12 12:00 PM Oct -3.8% -4.3% -5% -6%
2020-01-10 12:00 PM Nov 1.8% -4% -0.6% -2.4%
2020-02-12 12:00 PM Dec 1.8% -3.2%

News Stream
India Industrial Output Contracts for 3rd Month
Industrial output in India dropped 3.8 percent from a year earlier in October 2019, following a 4.3 percent contraction in the previous month and compared to market expectations of a 5 percent fall. Production declined for all sectors: manufacturing (-2.1 percent vs -4.0 percent); mining (-8.0 percent vs -8.6 percent); and electricity (-12.2 percent vs -2.6 percent).

India Industrial Production Falls More than Expected
Industrial output in India dropped 4.3 percent year-on-year in September of 2019, following an upwardly revised 1.4 percent decline in August and worse than market expectations of a 2 percent fall. Production decreased for manufacturing (-3.9 percent compared to -1.5 percent in August); mining (-8.5 percent compared to a flat reading); and electricity (-2.6 percent compared to -0.9 percent). Considering the April to September period, industrial output went up 1.3 percent.

India Industrial Output Falls the Most since 2013
India's industrial production fell 1.1 percent year-on-year in August 2019, following an upwardly revised 4.6 percent gain in the previous month and missing market expectations of a 1.8 percent rise. It was the sharpest decline in industrial output since February 2013, as production dropped in manufacturing (-1.2 percent compared to 4.5 percent in July) and electricity production (-0.9 percent compared to 4.8 percent). Additionally, mining output rose 0.1 percent, slowing from a 4.8 percent increase in the prior month.

India Industrial Output Rises More than Expected in July
India's industrial production increased 4.3 percent year-on-year in July 2019, following a downwardly revised 1.2 percent gain in the previous month and beating market consensus of a 2.3 percent rise. Output advanced further for manufacturing (4.2 percent compared to 0.2 percent in June); and mining (4.9 percent compared to 1.5 percent). On the other hand, electricity production growth slowed to 4.8 percent from 8.2 percent in June.

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.