India

India Industrial production March 2020

India: Industrial output contracts at sharpest pace on record in March

Industrial output collapsed 16.7% year-on-year in March, according to preliminary figures from Indian authorities, which was worse than market expectations of an 8.0% decrease (February: +4.6% yoy).

March’s reading marked the sharpest decline on record and was due to the first effects of the coronavirus crisis, which led to a plunge in manufacturing output. The full effects of the crisis will be felt from April, which was the first full month of the national lockdown, which was imposed on 24 March.

The annual average variation of industrial production came in at minus 0.5% in March, down from February’s plus 1.1% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen