India Industrial Production Financial Year to Date y/y

Country:
India
INR, Indian rupee
Sector:
Business
Low 5.8% 6.0%
5.9%
Last release Importance Actual Forecast
Previous
6.0%
5.8%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

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
Mar 2024
5.8%
6.0%
5.9%
Feb 2024
5.9%
5.3%
5.9%
Jan 2024
5.9%
5.4%
6.1%
Dec 2023
6.1%
5.8%
6.4%
Nov 2023
6.4%
6.5%
6.9%
Oct 2023
6.9%
6.1%
6.0%
Sep 2023
6.0%
5.5%
6.1%
Aug 2023
6.1%
4.7%
4.8%
Jul 2023
4.8%
4.7%
4.5%
Jun 2023
4.5%
5.0%
4.8%
May 2023
4.8%
5.1%
5.1%
Mar 2023
5.1%
5.2%
5.5%
Feb 2023
5.5%
5.2%
5.4%
Jan 2023
5.4%
5.3%
5.4%
Dec 2022
5.4%
5.8%
5.5%
Nov 2022
5.5%
6.7%
5.3%
Oct 2022
5.3%
8.3%
7.0%
Sep 2022
7.0%
10.1%
7.7%
Aug 2022
7.7%
11.5%
10.0%
Jul 2022
10.0%
11.9%
12.7%
Jun 2022
12.7%
11.8%
12.9%
May 2022
12.9%
12.3%
11.3%
Mar 2022
11.3%
13.7%
12.5%
Feb 2022
12.5%
15.4%
13.7%
Jan 2022
13.7%
17.7%
15.2%
Dec 2021
15.2%
20.7%
17.4%
Nov 2021
17.4%
24.8%
20.0%
Oct 2021
20.0%
36.1%
23.5%
Sep 2021
23.5%
58.8%
28.6%
Aug 2021
28.6%
68.2%
34.1%
Jul 2021
34.1%
34.9%
45.0%
Jun 2021
45.0%
40.6%
68.8%
May 2021
68.8%
-11.8%
-8.6%
Mar 2021
-8.6%
-13.6%
-11.3%
Feb 2021
-11.3%
-15.6%
-12.2%
Jan 2021
-12.2%
-18.3%
-13.5%
Dec 2020
-13.5%
-22.0%
-15.5%
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%

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Use official plugin for WordPress websites

Use official plugin for WordPress websites

Download
Widget type
Language
Color theme
Date format
Size
×
Display information
Default calendar period
Your embed code