Industrial Production in India decreased 10 percent in March of 2020 over the previous month. The government released only quick estimates for the month of May of 2020 which showed a 64.9 percent rise in industrial output but warned those figures should not be compared with previous months due to insufficient data as the country was under lockdown amid efforts to contain the spread of the COVID-19 pandemic. The same applies to April figures with estimates showing a 54.5 percent drop.
Industrial Production Mom in India averaged 0.56 percent from 2005 until 2020, reaching an all time high of 14.80 percent in March of 2011 and a record low of -14.20 percent in April of 2006. This page provides the latest reported value for - India Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Industrial Production MoM - values, historical data and charts - was last updated on August of 2020.
Industrial Production Mom in India is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in India to stand at 1.40 in 12 months time. In the long-term, the India Industrial Production MoM is projected to trend around 1.00 percent in 2021 and 0.80 percent in 2022, according to our econometric models.