A growth of 5.2% has been recorded in India’s Index of Industrial Production in November 2024

A growth of 5.2% has been recorded in India’s Index of Industrial Production in November 2024.
This is the highest growth rate in the past six months. In October 2024, the growth rate was 3.5%.
In November 2023, 2.5% growth was recorded in IIP.
In November 2024, a growth of 5.8% was recorded in manufacturing sector, as against 4.1% in October.
The manufacturing sector constitutes the largest share of the IIP.
In comparison to November 2023, 18 out of 23 industry groups within the manufacturing sector showed growth in November 2024.
A growth rate of 1.9% has been recorded in electricity sector in November 2024.
Mining sector recorded a growth of 4.4% in November 2024.
Capital goods production grew by 9% in November, reflecting investment activity in the economy.
Production of consumer durable increased by 13.1%. This reflects increased demand.