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.