Latest reading: Industrial production increased 17.8% on a year-on-year basis in February, following a 27.9% increase in the prior month....
Industrial Production in India
The Indian economy recorded an average industrial production growth rate of 3.4% in the decade to 2024. In 2024, industrial production growth was 4.1%. For more industry information, visit our dedicated page.
India Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for India from 2013 to 2025.
Source: Macrobond.
India Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 11.4 | 5.3 | 5.9 | 4.1 | 4.1 |
Industrial production decelerates in January
Latest reading: Industrial production rose 4.8% on a year-on-year basis in January, following a 7.8% rise in the previous month. Relative to the prior month's data, readings in January softened for manufacturing (+4.8% on a year-on-year basis vs +8.1% in December), mining (+4.3% vs +6.8% in December) and electricity (+5.1% vs +6.3% in December).
Outlook: Growth of industrial production is set to rise even further above the 10-year FY 2015–2024 trend of 3.4% in the fiscal year ending March 2027. Tailwinds include divestment away from China by Western multinationals, plus government subsidies to boost the production of advanced industrial goods like semiconductors and pharmaceuticals.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indian industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Indian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indian industry projections.
Want to get access to the full dataset of Indian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Taiwan: Industrial production slows in February -
Poland: Industrial production rebounds in February Latest reading: Industrial production was up 1.5% on a year-on-year basis in February, following a 1.5% decline in the previous... -
Japan: Industrial production accelerates in January Latest reading: Industrial production increased 4.3% in seasonally adjusted month-on-month terms in January, following a 0.6% increase in the previous... -
Belarus: Industrial production falls at a faster pace in February Latest reading: Industrial production was down 3.7% on a year-on-year basis in February, following a 3.4% fall in the previous... -
Kazakhstan: Industrial production recovers in February Latest reading: Industrial production rose 3.2% on a year-on-year basis in February, following a 6.6% decline in the previous month.... -
Taiwan: Industrial production speeds up in January Latest reading: Industrial production rose 28.5% in annual terms in January, following a 23.1% increase in the prior month. January’s... -
Cyprus: Industrial production speeds up in January Latest reading: Industrial production increased 4.6% on a calendar-adjusted year-on-year basis in January, following 2.2% growth in the prior month....