India Industrial production April 2022
Industrial output expanded 7.1% in year-on-year terms in April, which followed March’s 2.2% increase. April’s figure marked the strongest increase since August 2021. The notable pickup was largely due to faster growth in manufacturing output. In addition, mining production picked up pace.
Meanwhile, annual average industrial production growth fell to 6.6% in April (March: +11.4%). This signals a worsening trend in the industrial sector.
FocusEconomics panelists expect industrial production to increase 5.0% in FY 2022, which is down 0.6 percentage points from the previous month’s forecast. The panel sees industrial production rising 4.6% in FY 2023.