India's industrial output dropped 3.6 percent from a year earlier in February 2021, the most since last August and compared with market expectations of a 3.0 percent decrease. Manufacturing production shrank 3.7 percent (vs -1.3 percent in January), led by declines in manufacture of basic metals (-4.8 percent vs 6.0 percent), coke and refined petroleum products (-9.5 percent vs -0.5 percent), chemicals and chemical products (-1.8 percent vs 2.6 percent), food products (-0.6 percent vs -3.3 percent), pharmaceuticals, medicinal chemical and botanical products (-4.8 percent vs -8.0 percent), machinery and equipment n.e.c. (-1.9 percent vs -7.2 percent), and other non-metallic mineral products (-7.0 percent vs -6.1 percent). Meanwhile, mining output was down 5.5 percent (vs -2.5 percent in January), while electricity output edged 0.1 percent higher (vs 5.5 percent in January). source: Ministry of Statistics and Programme Implementation (MOSPI)
Industrial Production in India averaged 5.55 percent from 1994 until 2021, 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 April 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.