Latest reading: Manufacturing production rose 2.0% on a year-on-year basis in June, following a 5.6% drop in the previous 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 | 4.7 | 4.2 |
Industrial production speeds up in June
Latest reading: Industrial production was up 7.3% in annual terms in June, following a 5.0% rise in the previous month. June's reading was the strongest since July 2024. Relative to the prior month's data, readings in June improved for manufacturing (+7.8% in annual terms vs +5.2% in May), mining (+1.0% vs -1.4% in May) and electricity (+11.4% vs +11.1% in May).
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 6 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.
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