Industrial production in India surged 134.4 percent year-on-year in April of 2021, the biggest increase ever, beating market forecasts of a 120 percent gain. A low base effect from last year is weighing on the data as production fell at a record 57.3 percent in April 2020 when the majority of the establishments were not operating and many units had no production due to the coronavirus lockdown. Big rises this year were seen for manufacturing (197.1 percent), mining (37.1 percent) and electricity (38.5 percent). source: Ministry of Statistics and Programme Implementation (MOSPI)
Industrial Production in India averaged 6.01 percent from 1994 until 2021, reaching an all time high of 134.40 percent in April 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 June of 2021.
Industrial Production in India is expected to be 15.10 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 4.00 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.