Industrial production in India shrank 10.4 percent year-on-year in July of 2020, following a downwardly revised 15.8 percent fall in June and compared to forecasts of an 11.5 percent drop. It marks the fifth straight month of falling industrial output due to the coronavirus pandemic and a prolonged lockdown. Manufacturing went down 11.1 percent, mining sank 13 percent and electricity output declined 2.5 percent. Considering April to July, industrial output plunged 29.2 percent.
Industrial Production in India averaged 5.59 percent from 1994 until 2020, 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 September of 2020.
Industrial Production in India is expected to be 5.50 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 3.90 in 12 months time. In the long-term, the India Industrial Production is projected to trend around 4.50 percent in 2021, according to our econometric models.