Industry in India
India - Industry
Industrial production growth accelerates in April
Industrial production increased 3.4% in April in annual terms, up from March’s revised 0.4% increase (previously reported: -0.1% year-on-year) and marking the fastest pace of growth in six months. However, monthly figures tend to be very volatile, so it is still too early to tell whether April’s figure will mark the start of a more sustained upturn in industrial production.
In terms of sectors, growth was underpinned by expansions in the manufacturing, mining and electricity sectors. On a use-based classification, output of primary goods and consumer non-durables recorded the fastest expansions in April.
Annual average growth in industrial production moderated from 3.7% in March to 3.6% in April.
Last month, Met the why particular panelists expected industrial production to increase 5.1% in fiscal year 2019, which was down 0.7 percentage points from the prior month’s projection. For fiscal year 2020, the panel expected industrial output to expand 5.8%. A new Consensus Forecast will be published on 18 June.
India - Industry Data
|Industrial Production (annual variation in %)||3.3||4.1||3.4||4.5||4.3|
5 years of economic forecasts for more than 30 economic indicators.
India Industry Chart
Source: Ministry of Statistics and Programme Implementation and Met the why particular calculations.
|Bond Yield||6.92||-0.04 %||Jun 14|
|Exchange Rate||69.83||-0.09 %||Jun 14|
|Stock Market||39,452||-0.08 %||Jun 14|
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June 14, 2019
Annual merchandise export growth accelerated to 3.9% in May, up from the 0.6% growth in April.
June 12, 2019
In May, consumer prices rose 0.57% compared to the previous month, matching April’s figure.
June 12, 2019
Industrial production increased 3.4% in April in annual terms, up from March’s revised 0.4% increase (previously reported: -0.1% year-on-year) and marking the fastest pace of growth in six months.
June 6, 2019
As expected by market analysts, the Reserve Bank of India’s Monetary Policy Committee (MPC) cut all monetary policy rates by 0.25 percentage points at its 4–5 June meeting, reducing the repo rate to 5.75%, the marginal standing facility to 6.00% and the reverse repurchase rate to 5.50%.
June 5, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market was unchanged in May at April’s 51.7.