India Industrial Production

Industrial Production in India decreased 1.90 percent in February of 2014 over the same month in the previous year. Industrial Production in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI). Industrial Production in India averaged 6.76 Percent from 1994 until 2014, reaching an all time high of 20 Percent in November of 2006 and a record low of -7.20 Percent in February of 2009. In India, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.90 0.80 20.00 -7.20 1.63 | 2014/06 1994 - 2014 Percent Monthly

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India Industrial Production
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-10 12:00 PM India
Industrial Production YoY
Nov 2013 -2.1% -1.8% 1.0% -0.04%
2014-02-12 12:00 PM India
Industrial Production YoY
Dec 2013 -0.6% -1.4% (R) -1.0% -1.55%
2014-03-12 12:00 PM India
Industrial Production YoY
Jan 2014 0.1% -0.16% (R) -0.6% -1.7%
2014-04-11 01:00 PM India
Industrial Production YoY
Feb 2014 -1.9% 0.8% (R) 1.2% -1.62%
2014-05-12 01:00 PM India
Industrial Production YoY
Mar 2014 -1.9% 0.13%
2014-06-12 01:00 PM India
Industrial Production YoY
Apr 2014 -0.13%
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Business Last Previous Highest Lowest Forecast Unit
Car Registrations 234751.00 2014-03-15 216491.00 301817.00 6508.00 189306.22 2014-06-30 Cars [+]
Changes in Inventories 266.92 2013-11-15 560.74 597.31 184.29 348.04 2014-06-30 INR Billion [+]
Manufacturing PMI 51.30 2014-03-15 52.50 55.00 48.50 49.49 2014-06-30 [+]
Manufacturing Production -3.70 2014-02-15 0.00 24.30 -9.10 -2.33 2014-06-30 Percent [+]
Services PMI 47.50 2014-03-31 48.80 57.50 44.60 51.47 2014-06-30 Index Points [+]
Industrial Production -1.90 2014-02-28 0.80 20.00 -7.20 1.63 2014-06-30 Percent [+]
Business Confidence 54.90 2013-12-31 45.70 71.80 45.70 52.32 2014-06-30 [+]
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Industrial Production | Notes
The data given on this page shows a year over year change in a seasonally adjusted Industrial Production Index. Industrial Production Index is an economic indicator that measures changes in output for the manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP, they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. Industrial Production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation.


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In January of 2014, Indian consumer price inflation decelerated to 8.79 percent, the lowest annual rate since January of 2012, due to lower food prices.
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In its January 2014 meeting, Reserve Bank of India decided to raise the policy repo rate by 25 bps to 8 percent to handle currency pressure and curb persistently high inflation.
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In December of 2013, Indian headline inflation rate slowed to 6.16 percent, the lowest rate in five months as vegetable prices, mainly onions, slowed due to a new harvest. On a monthly basis, prices fell 1.27 percent.
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