Industrial Production India

Industrial production grew at a 6-month high of 3.4% YoY in April 2019.

Published monthly by Ministry of Statistics and Programme Implementation(MOSPI). Updated until the month of April 2019. (Published on June 12th, 2019).

Note: The MoM% has been calculated over the seasonally-adjusted series.

Recent Data Trend

India's industrial production picked to a 6-month high of 3.4% YoY in April. The rebound in industrial production was driven by a turnaround across all sectors and in particular by mining and electricity generation activities. The mining and electricity sector which together constitutes 23% of overall IIP witnessed a rise in their growth rate by 4.9% YoY and 4% YoY in April as against 0.8% YoY and 2.2% YoY in the previous month, respectively. The manufacturing sector also saw a moderate improvement in the growth rate to 2.5% YoY in April against negative growth in the last two months.

As per the use-based classification, the capital and consumer durable goods recorded a positive growth of 0.5% YoY and 1.8% YoY in April, respectively as against tepid growth seen in the last 5 months. Even consumer non-durables and primary goods (4.9% YoY and 5.1% YoY respectively) supported the overall industrial growth.

The 3month average YoY% of industrial production growth, free from favorable base effect, shows only a moderate pick-up in industrial production to 1.5%, indicating the rise is likely to be temporary. Furthermore, given the trade tussle at the global front and slowing consumption and liquidity crunch domestically, the industrial activities will likely take a few months to get back on a high sustainable growth path.

Brief Overview

Index of Industrial production is published by the Ministry of Statistics and Programme Implementation every month. The current base year of the index is 2011-12=100. The index shows the changes in the production volume of different industrial commodities. The sub-components of IIP are- Mining, Manufacturing, and Electricity. The IIP is also classified according to its use namely, Primary Goods, Capital Goods, and Intermediate Goods. It is an essential measure of growth as it records the level of industrial activity in the economy.

For more information visit the official government website

IIP- Use based classification

Next release date: July 12th, 2019

Industrial Production-Quarterly

Note: The QoQ% has been calculated over the seasonally-adjusted series.

Industrial Production-Annual