India's industrial production rose 1.0 percent from a year earlier in December 2020, partially recovering from a revised 2.1 percent decline in the previous month and easily beating market expectations of a 0.2 percent contraction. Manufacturing production rebounded 1.6 percent (vs -2.0 percent in November), led by basic metals output (4.2 percent vs 2.5 percent), chemicals and chemical products (7.2 percent vs 0.2 percent), pharmaceuticals, medicinal chemical and botanical products (6.8 percent vs -2.3 percent), motor vehicles, trailers and semi-trailers (5.4 percent vs -0.7 percent), and machinery and equipment n.e.c. (4.3 percent vs -5.7 percent). In contrast, output fell for both coke and refined petroleum products (-0.7 percent vs -3.3 percent) and food products (-1.4 percent vs 7.8 percent). source: Ministry of Statistics and Programme Implementation (MOSPI)
Industrial Production in India averaged 5.60 percent from 1994 until 2020, reaching an all time high of 19.90 percent in November of 2006 and a record low of -57.30 percent in April 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 February of 2021.
Industrial Production in India is expected to be 5.40 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 4.50 in 12 months time. In the long-term, the India Industrial Production is projected to trend around 4.50 percent in 2022, according to our econometric models.