India's Industrial output hits six-month high with 5.2% growth in Nov
New Delhi: India's industrial output, determined by the Index of Industrial Production (IIP), touched a six-month peak, recording a growth of 5.2% in November 2024, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
This marks a notable rise compared to the 2.5% growth recorded during the same period in 2023.
The November figures also showed a significant improvement over the 3.5% growth reported in October 2024, underscoring a positive trajectory in industrial activity. Earlier in May 2024, the IIP had climbed to 5.9% growth before easing to 4.2% in June.
For the April-November 2024 period, industrial output grew by 4.1%, reflecting a slowdown compared to the 6.5% growth seen in the same period last year.
The robust performance of the manufacturing sector drove November's growth, with the sector expanding by 5.8%, up from 4.1% in October.
Of the 23 industry groups classified under the National Industrial Classification, 18 posted positive growth compared to November 2023.
The top contributors were basic metals, electrical equipment, and non-metallic mineral products.
The electricity sector also performed well, registering a growth of 4.4% in November, a jump from 2% in October.
Meanwhile, the mining sector grew at a slower pace, with a modest 1.9% rise, up from 0.9% the previous month.
The MoSPI announced that the IIP data for December 2024 will be released on Wednesday, February 12, 2025.
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