India's industrial production fell 0.3 percent from a year earlier in December 2019, following a 1.8 percent growth in the previous and missing forecasts of a 1.8 percent advance. Manufacturing production dropped 1.2 percent (vs 2.7 percent in November), led by computer, electronic & optical products, machinery & equipment and printing & reproduction of recorded media, and electricity supply edged down 0.1 percent (vs -5 percent in November). Meanwhile, mining output grew 5.4 percent (vs 1.8 percent in November). Considering April to December, industrial production rose by a meager 0.5 percent, slowing sharply from a 4.7 percent expansion in the same period of the previous fiscal year.
Industrial Production in India averaged 6.13 percent from 1994 until 2019, reaching an all time high of 19.90 percent in November of 2006 and a record low of -7.20 percent in February of 2009. This page provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Industrial Production in India is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in India to stand at 3.50 in 12 months time. In the long-term, the India Industrial Production is projected to trend around 4.50 percent in 2021, according to our econometric models.