India's industrial production slumped 8.0 percent from a year earlier in August 2020, following a revised 10.8 percent tumble in the previous month and compared to market expectations of a 7.5 percent contraction. Output declined for all sectors: manufacturing (-8.6 percent vs -11.6 percent in July); mining (-9.8 percent vs -12.8 percent); and electricity (-1.8 percent vs -2.5 percent).
Industrial Production in India averaged 5.54 percent from 1994 until 2020, reaching an all time high of 19.90 percent in November of 2006 and a record low of -57.30 percent in April of 2020. This page provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in India is expected to be 6.80 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 6.70 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.