India's industrial production records multi-month high of 5.2% in November

ANI January 10, 2025 223 views

India's industrial production has hit an impressive 5.2% growth in November 2024, marking a significant improvement from the previous month. The manufacturing sector particularly stood out with a 5.8% increase, while mining and electricity sectors also showed positive trends. This data suggests a strengthening economic recovery and positive momentum in industrial output. The Ministry of Statistics and Programme Implementation released these quick estimates, which will undergo potential revisions in subsequent reports.

"The Quick Estimates of IIP stands at 148.4 against 141.1 in November 2023" - Ministry of Statistics and Programme Implementation
New Delhi, January 10: The Index of Industrial Production (IIP) growth rate for the month of November 2024 is 5.2 per cent (a multi-month high), which was 3.5 per cent the month prior, quick estimates released by the Ministry of Statistics and Programme Implementation showed Friday.

Key Points

1

India's industrial production reaches impressive 5.2% growth

2

Manufacturing sector leads with 5.8% expansion

3

Multiple sectors show positive economic momentum

The growth rates of the three sectors, Mining, Manufacturing and Electricity in November 2024 were 1.9 per cent, 5.8 per cent and 4.4 per cent, respectively.

The Quick Estimates of IIP stands at 148.4 against 141.1 in November 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors in November 2024 stood at 133.8, 147.4 and 184.1, respectively.

The quick estimates of IIP are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.

Friday's quick estimates will undergo revision in subsequent releases as per the revision policy of IIP.

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