Industrial production in India rose 29.3 percent year-on-year in May of 2021, below market expectations of 32 percent as regional lockdowns in most states to contain the second wave of the coronavirus pandemic hurt activities. Manufacturing production advanced 34.5 percent, led by motor vehicles, trailers and semi-trailers (208.2 percent) and textiles (165.2 percent). Also, output rose for mining (23.3 percent) and electricity (7.5 percent). source: Ministry of Statistics and Programme Implementation (MOSPI)
Industrial Production in India averaged 5.74 percent from 1994 until 2021, reaching an all time high of 29.30 percent in May of 2021 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 July of 2021.
Industrial Production in India is expected to be 6.70 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 4.10 in 12 months time. In the long-term, the India Industrial Production is projected to trend around 4.20 percent in 2022 and 4.80 percent in 2023, according to our econometric models.