Industrial Production in India November 2022

Industrial output rose 7.1% year over year in November, which contrasts with October’s decline of 4.2%. The edition was the best read since June. Looking at the details of the release, the November rebound was broad-based, with the manufacturing, mining, and electricity sub-sectors all accelerating.

Meanwhile, average annual industrial production growth rose to 4.2% in November (October: +3.7%). This indicates an improvement trend in the industrial sector.

FocusEconomics panelists expect industrial production to increase 4.0% in fiscal 2022, down 1.8 percentage points from the previous month’s forecast. The committee sees industrial production rising 3.1% in fiscal 2023.

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