India’s industrial output saw a notable rise in November 2024, with the Index of Industrial Production (IIP) growing by 5.2%. This marks the highest growth rate in the past six months and shows a positive recovery in key sectors such as manufacturing, electricity, and mining.

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• India’s IIP growth reached 5.2% in November 2024, the highest in six months.
• The growth rate in October 2024 was 3.5%, showing significant improvement.
• November 2024 growth exceeded the 2.5% recorded in November 2023.
• The manufacturing sector, which holds the largest share of the IIP, grew by 5.8% in November.
• Eighteen out of 23 manufacturing industry groups showed growth.
• Basic metals production grew by 7.6%, while electrical equipment rose by 37.2%.
• Non-metallic mineral products recorded a 12% growth.
• The electricity sector saw a growth rate of 1.9%, up from 0.9% in October.
• The mining sector grew by 4.4% in November 2024.
• Capital goods production increased by 9%, reflecting investment activity, and consumer durable production rose by 13.1%.
• For the April-November period, the industrial growth rate stands at 4.1%, showing a positive trend for the 2024-25 financial year.