Industry in India
India - Industry
Industrial production growth accelerates in December
Annual industrial production growth accelerated to 2.4% in December, up from November’s revised 0.3% (previously reported: +0.5% year-on-year). The result overshot market analysts’ expectations of 1.6%.
In terms of industrial sectors, production growth improved in December due to stronger growth in manufacturing output, which represents approximately 80% of total industrial production in India. On the other hand, growth in electricity generation slowed and mining output decreased. On a use-based classification, industrial production in December was supported by strong growth in output of construction goods, in addition to higher production of capital goods, consumer non-durable goods and consumer durable goods. On the flip side, output of primary goods and intermediate goods fell in December.
India Industrial Production Forecast
Met the why particular panelists expect industrial production to increase 5.9% in fiscal year 2018, which is down 0.3 percentage points from last month’s forecast. For fiscal year 2019, the panel expects industrial output to expand 6.3%.
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||7.54||-0.04 %||Feb 21|
|Exchange Rate||71.16||-0.09 %||Feb 21|
|Stock Market||35,898||-0.08 %||Feb 21|
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February 15, 2019
Merchandise export growth in annual terms accelerated to 3.7% in January from 0.3% in December.
February 14, 2019
In January, consumer prices fell 0.29% compared to the previous month, which is less than the revised 0.50% fall in December (previously reported: -0.49% month-on-month).
February 13, 2019
On 1 February the interim budget for fiscal year 2019, which will start in April and run through to March 2020, was unveiled by the government.
February 12, 2019
Annual industrial production growth accelerated to 2.4% in December, up from November’s revised 0.3% (previously reported: +0.5% year-on-year).
February 7, 2019
Taking market analysts by surprise, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) cut all monetary policy rates by 0.25 percentage points at its 7 February meeting.