India's industrial production increased 4.3 percent year-on-year in July 2019, following a downwardly revised 1.2 percent gain in the previous month and beating market consensus of a 2.3 percent rise. Output advanced further for manufacturing (4.2 percent compared to 0.2 percent in June); and mining (4.9 percent compared to 1.5 percent). On the other hand, electricity production growth slowed to 4.8 percent from 8.2 percent in June. Industrial Production in India averaged 6.26 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 2.40 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 2.20 in 12 months time. In the long-term, the India Industrial Production is projected to trend around 4.50 percent in 2020, according to our econometric models.