Industrial output in India increased 11.5 percent year-on-year in July of 2021, lower than 13.6 percent in the previous month, but above market forecasts of 10.7 percent. It is the fifth month of double-digit growth due to low base effects from last year and as the economy recovers from the coronavirus hit. In July, manufacturing output advanced 10.5 percent, led by electrical equipment (42.9 percent) and motor vehicles, trailers and semi-trailers (35.5 percent). Also, output rose for mining (19.5 percent) and electricity (11.1 percent). source: Ministry of Statistics and Programme Implementation (MOSPI)
Industrial Production in India averaged 6.12 percent from 1994 until 2021, reaching an all time high of 133.50 percent in April of 2021 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 September of 2021.
Industrial Production in India is expected to be 6.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Industrial Production is projected to trend around 4.20 percent in 2022 and 4.80 percent in 2023, according to our econometric models.