Industrial output in India expanded by 5.1% from the previous year in May of 2026, picking up from the 4.9% increase in the previous month and ahead of market expectations of 4.7%. It was the sharpest pace of growth since February, when cheaper energy prices before the outbreak of war in the Middle East provided a better macroeconomic backdrop for Indian goods producers, who rely on energy that is mostly imported. Manufacturing output growth, which accounts for 76% of domestic industrial production, eased to 5.5% from 6.1% in the previous month. In turn, the softer oil, gas, and mid-month pullback in coal prices aided electricity and utility generation to a 9.9% growth rate from 4.6% in April. Mining and quarrying output contracted by 1.6%, slowing from the sharper 3.8% contraction in April. source: Ministry of Statistics and Programme Implementation (MOSPI)

Industrial Production in India increased 5.10 percent in May of 2026 over the same month in the previous year. Industrial Production in India averaged 5.99 percent from 1994 until 2026, reaching an all time high of 133.50 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 July of 2026.

Industrial Production in India increased 5.10 percent in May of 2026 over the same month in the previous year. Industrial Production in India is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Industrial Production is projected to trend around 4.10 percent in 2027 and 5.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-01 11:00 AM
Industrial Production YoY
Apr 4.9% 4.1% 3.9% 3.5%
2026-06-29 10:30 AM
Industrial Production YoY
May 5.1% 4.9% 4.7% 4.2%
2026-07-28 10:30 AM
Industrial Production YoY
Jun 5.1% 4.9%


Related Last Previous Unit Reference
Changes in Inventories 1095.44 1103.92 INR Billion Mar 2026
Industrial Production YoY 5.10 4.90 percent May 2026
Industrial Production Mom 3.80 -8.90 percent May 2026
Manufacturing Production YoY 5.50 6.10 percent May 2026
Mining Production -1.60 -3.80 percent May 2026


India Industrial Production
In India, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 78 percent of total production. The biggest segments within Manufacturing are: basic metals (13 percent of total production); coke and refined petroleum products (12 percent); chemicals and chemical products (8 percent); food products (5 percent); pharmaceuticals, medicinal chemical and botanical products (5 percent); motor vehicles, trailers and semi-trailers (5 percent); machinery and equipment n.e.c. (5 percent); other non-metallic mineral products (4 percent); and textiles, electrical equipment and fabricated metal products (3 percent each). Mining accounts for 14 percent of total output; and electricity accounts for 8 percent.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 4.90 133.50 -57.30 1994 - 2026 percent Monthly
2022-23=100, NSA

News Stream
India Industrial Production Picks Up
Industrial output in India expanded by 5.1% from the previous year in May of 2026, picking up from the 4.9% increase in the previous month and ahead of market expectations of 4.7%. It was the sharpest pace of growth since February, when cheaper energy prices before the outbreak of war in the Middle East provided a better macroeconomic backdrop for Indian goods producers, who rely on energy that is mostly imported. Manufacturing output growth, which accounts for 76% of domestic industrial production, eased to 5.5% from 6.1% in the previous month. In turn, the softer oil, gas, and mid-month pullback in coal prices aided electricity and utility generation to a 9.9% growth rate from 4.6% in April. Mining and quarrying output contracted by 1.6%, slowing from the sharper 3.8% contraction in April.
2026-06-29
India Industrial Production Expands in
Industrial output in India expanded by 4.9% from the previous year in April of 2026, firmly above the market expectations of 3.9%. It reflected robustness in the Indian goods producing sectors despite ongoing pressure from surging energy prices and lack of stability in the rupee, which have dented the purchasing power domestically. It was the first reading using weights from the rebalanced industrial production index measured by the MOSPI, compared to the 4.1% annual growth in the previous month. Manufacturing production expanded by a sharper 6.2% in the period.
2026-06-01
India Industrial Output Slows Less than Expected
Industrial production in India rose by 4.1% from the previous year in March of 2026, slowing from the revised 5.1% expansion in February to reflect the slowest increase in five months, albeit beating expectations of a 3.7% expansion. Despite remaining robust, the pullback reflected some impact from the outbreak of war in the Middle East in the Indian goods production, hampered by the surge in energy prices and inflationary risks amid the pressure for the rupee. Manufacturing production, which is responsible for over 77% of all of industrial output, rose 4.3% from the 5.9% increase. Mining output jumped by 5.5%, picking up from the 3.1% the prior month, while higher feedstock costs drove electricity output growth to slow to 0.8% from 2.3%.
2026-04-28