Industry in India

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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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.3  4.1  3.4  4.5  4.3  

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India Industry Chart


India Industry
Note: Annual variation of industrial production in %.
Source: Ministry of Statistics and Programme Implementation and Met the why particular calculations.

India Facts

ValueChangeDate
Bond Yield7.54-0.04 %Feb 21
Exchange Rate71.16-0.09 %Feb 21
Stock Market35,898-0.08 %Feb 21

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