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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Industrial Production climbed to 5.8% in July 2026
FMPMonthlyReleased July 2026
India Industrial Production climbed to 5.8% in July 2026, up 0.7% from June's 5.1% reading.
Latest Release
5.800000
Actual
—
Consensus
5.100000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Nikkei 225 | ▲ Direct | +0.62 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production (India) was reported at 5.8% in July 2026. The reading rose from the previous value of 5.1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 3.7%, ranging from 2.3% to 5.8% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 5%, up from the prior three at 3.73%. Volatility over the past year (σ 1.05%) is comparable than the prior year (σ 0.98%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Nikkei 225 (Bullish Nikkei 225). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Aug 5) and Inflation Rate YoY (Aug 12).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Industrial Production - IN
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About Industrial Production — India
DEFINITION
Industrial Production is a key economic indicator that measures the output of manufacturing, mining, and utilities sectors in a country. It provides valuable insights into the overall health and performance of the industrial sector, which is a major contributor to a country's GDP. This indicator is closely monitored by investors, policymakers, and analysts as it reflects the level of production and capacity utilization in the economy, and can signal potential changes in business cycles. A higher industrial production is generally associated with economic growth and can have a positive impact on employment and consumer spending.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 5.8 %. Prior reading (Apr 2026): 5.1 %. Before that (Mar 2026): 4.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bullish Nikkei 225, r=0.62) — a useful reference for index-focused traders.
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EXPECTED ZONE
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