Industrial production in India rose 0.1 percent year-on-year in February 2019, following a downwardly revised 1.4 percent increase in the previous month and below market expectations of a 2 percent gain. It was the smallest rise in industrial production since June 2017, when output fell 0.3 percent, as manufacturing production dropped (-0.3 percent from 1.4 percent in January) and output growth eased for mining & quarrying (2.0 percent from 3.9 percent). Meanwhile, output rose further for electricity, gas, steam & air conditioning supply (1.2 percent from 0.9 percent). Considering April to February, industrial production went up 4 percent. Industrial Production in India averaged 6.31 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.
Industrial Production in India is expected to be 4.50 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 4.80 in 12 months time. In the long-term, the India Industrial Production is projected to trend around 6.50 percent in 2020, according to our econometric models.