Industrial Production in India increased 5.2% year-on-year in January of 2023, following a 4.3% rise in December and compared to market forecasts of a 5% increase. Output from the manufacturing sector increased 3.7%, mining 8.8% and electricity 12.7%. Considering the April 2022-January 2023 period, industrial production went up 5.4%. source: Ministry of Statistics and Programme Implementation (MOSPI)

Industrial Production in India averaged 6.05 percent from 1994 until 2023, 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 March of 2023.

Industrial Production in India is expected to be 3.20 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 4.90 percent in 2024 and 5.00 percent in 2025, according to our econometric models.

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India Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 12:00 PM Dec 4.3% 7.3% 4.5% 3.2%
2023-03-10 12:00 PM Jan 5.2% 4.7% 5% 5.1%
2023-04-12 12:00 PM Feb 5.2% 4.7%


Related Last Previous Unit Reference
Industrial Production Mom 0.80 5.70 percent Jan 2023
Industrial Production 5.20 4.70 percent Jan 2023
Manufacturing Production 3.70 3.10 percent Jan 2023
Changes in Inventories 299.69 306.91 INR Billion Dec 2022
Mining Production 8.81 10.05 percent Jan 2023

India Industrial Production
In India, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 78 percent of total production. The biggest segments within Manufacturing are: basic metals (13 percent of total production); coke and refined petroleum products (12 percent); chemicals and chemical products (8 percent); food products (5 percent); pharmaceuticals, medicinal chemical and botanical products (5 percent); motor vehicles, trailers and semi-trailers (5 percent); machinery and equipment n.e.c. (5 percent); other non-metallic mineral products (4 percent); and textiles, electrical equipment and fabricated metal products (3 percent each). Mining accounts for 14 percent of total output; and electricity accounts for 8 percent.
Actual Previous Highest Lowest Dates Unit Frequency
5.20 4.70 133.50 -57.30 1994 - 2023 percent Monthly
2011-2012=100, NSA

News Stream
India Industrial Production Growth Slightly Higher than Forecasts
Industrial Production in India increased 5.2% year-on-year in January of 2023, following a 4.3% rise in December and compared to market forecasts of a 5% increase. Output from the manufacturing sector increased 3.7%, mining 8.8% and electricity 12.7%. Considering the April 2022-January 2023 period, industrial production went up 5.4%.
2023-03-10
India Industrial Output Growth Slows
Industrial production in India increased 4.3% year-on-year in December of 2022, easing from an upwardly revised 7.3% rise in November, and slightly below market forecasts of a 4.5% gain. Electricity production recorded the biggest increase (10.4%), followed by mining (9.8%) and manufacturing (2.6%). The primary and capital goods segments grew by 8.3 per cent and 7.6 per cent respectively in December. On the used-based side, biggest increases were seen for primary goods (8.3%), construction (8.2%), capital (7.6%) and non-durables while intermediate goods contracted by 0.3% and durables shrank 10.4%. Considering the April to December 2022 period, industrial production went up 5.4%.
2023-02-10
India Industrial Output Growth at 5-Month High
India's industrial production jumped 7.1 percent from a year earlier in November of 2022, the most in five months and easily beating market expectations of a 2.5 percent increase. Manufacturing output grew 6.1 percent, the most since June and rebounding from a 5.6 percent decline in October. Also, mining output rose by 9.7 percent and power generation increased by 12.7 percent. Considering April-November, industrial activity advanced 5.5 percent.
2023-01-12