India Industrial Production Picks Up

2026-06-29 10:41 By Andre Joaquim 1 min. read

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.



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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