India Industrial Production Financial Year to Date y/y

Country:
India
INR, Indian rupee
Sector:
Business
Low -15.5% -32.7%
-17.5%
Last release Importance Actual Forecast
Previous
-22.0%
-15.5%
Next release Actual Forecast
Previous
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The Index of Industrial Production (IIP) FYTD y/y reflects changes in the volume of manufactured goods and in industrial sector activity in the period from the beginning of the fiscal year (April 1) to the report date, compared to the same period a year ago. The index covers production of mining, manufacturing and energy companies.

Within the index, production volumes are calculated in output value, i.e. the value of production. If production of goods takes more than one month (such as for example cars), such goods are accounted as 'Operating Work in Progress'. This allows avoiding spikes which may appear when collecting data in pure quantitative terms. A deflator is used in the value added production calculation.

IIP is a composite index, in which the final value is calculated using production values of individual Indian industries. The index is calculated relative to the base period, which has the benchmark level of 100 (adopted in 2011-2012). Also, the base year data is used as the weight reference, which is updated from time to time to reflect actual changes in the industry structure and composition, which can be connected with technological development, economic reforms and changes in the consumptions structure.

Source agencies select companies for specific groups of products to collect statistics. The agencies are Indian Ministries and government departments, they provide the collected data to the working group of the Ministry of Statistics.

The indicator publication is carefully monitored by economists and analysts, as it reflects the effectiveness of the country's economy and its direction. The comparison of similar period data for the current and previous year enables the prediction of the fiscal year results for the country's economy. A higher than expected reading can be seen as positive for Indian rupee quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "India Industrial Production Financial Year to Date y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Nov 2020
-15.5%
-32.7%
-17.5%
Oct 2020
-17.5%
-36.5%
-21.1%
Sep 2020
-21.1%
-42.2%
-25.0%
Aug 2020
-25.0%
-48.6%
-29.2%
Jul 2020
-29.2%
-35.1%
-35.9%
Jun 2020
-35.9%
-46.7%
-45.8%
May 2020
-45.8%
0.2%
-0.7%
Mar 2020
-0.7%
1.3%
0.9%
Feb 2020
0.9%
1.0%
0.5%
Jan 2020
0.5%
0.3%
0.5%
Dec 2019
0.5%
0.3%
0.6%
Nov 2019
0.6%
0.5%
Oct 2019
0.5%
1.3%
Sep 2019
1.3%
2.4%
Aug 2019
2.4%
3.3%
Jul 2019
3.3%
3.6%
Jun 2019
3.6%
3.7%
May 2019
3.7%
3.6%
Mar 2019
3.6%
4.0%
Feb 2019
4.0%
4.4%
Jan 2019
4.4%
4.6%
Dec 2018
4.6%
5.0%
Nov 2018
5.0%
5.6%
Oct 2018
5.6%
5.1%
Sep 2018
5.1%
5.2%
Aug 2018
5.2%
5.4%
Jul 2018
5.4%
5.2%
Jun 2018
5.2%
4.0%
May 2018
4.0%
4.3%
Apr 2018
4.3%
4.3%
Mar 2018
4.3%
4.3%
Feb 2018
4.3%
4.1%
Jan 2018
4.1%
3.7%
Dec 2017
3.7%
3.2%
Nov 2017
3.2%
2.5%
Oct 2017
2.5%
2.5%
Sep 2017
2.5%
2.2%
Aug 2017
2.2%
1.7%
Jul 2017
1.7%
2.0%
Jun 2017
2.0%
2.3%
May 2017
2.3%
5.0%
Apr 2017
5.0%
5.0%
Mar 2017
5.0%
0.4%
Feb 2017
0.4%
0.6%
Jan 2017
0.6%
0.3%
Dec 2016
0.3%
0.4%
Nov 2016
0.4%
-0.3%
Oct 2016
-0.3%
-0.1%
Sep 2016
-0.1%
-0.3%
Aug 2016
-0.3%
-0.2%

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