We study deformations of smooth mod p representations (and their duals) of a p-adic reductive group G. Under some mild genericity condition, we prove that parabolic induction with respect to a parabolic subgroup P = LN defines an isomorphism between the universal deformation rings of a supersingular representationσ of L and of its parabolic inductionπ. As a consequence, we show that every Banach lift ofπ is induced from a unique Banach lift ofσ.