Industry in India
The economy recorded an average growth rate of 5.3% in industrial output in the decade to 2022. In 2022, the industrial output growth was 4.4%. For more industry information, visit our dedicated page.
India Industry Chart
Note: This chart displays Industry (ann. var. %) for India from 2022 to 2023.
Source: Macrobond.
India Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industry (ann. var. %) | -1.4 | -0.4 | 12.2 | 2.1 | 9.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indian industry projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Indian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indian industry projections.
Want to get access to the full dataset of Indian industry forecasts? Send an email to info@focus-economics.com.