Manufacturing Production in India decreased an upwardly revised 22.4 percent year-on-year in March of 2020, compared to initial estimates of a 20.60 percent drop. The government released only quick estimates for the month of May of 2020 which showed a 39.3 percent plunge in factory output but warned those figures should not be compared with previous months due to insufficient data as the country was under lockdown amid efforts to contain the spread of the COVID-19 pandemic. The same applies to April figures with estimates showing a 67.1 percent drop.
Manufacturing Production in India averaged 5.50 percent from 2006 until 2020, reaching an all time high of 24.30 percent in June of 2007 and a record low of -22.40 percent in March of 2020. This page provides the latest reported value for - India Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Manufacturing Production in India is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in India to stand at 4.20 in 12 months time. In the long-term, the India Manufacturing Production is projected to trend around 5.60 percent in 2021, according to our econometric models.