India’s Industrial Production Sees Strong Growth of 5.2% in November 2024

India’s industrial production marked a notable recovery in November 2024, with the Index of Industrial Production (IIP) growing by 5.2%. This performance represents a multi-month high, up from the 3.5% growth recorded in the previous month. The data, released by the Ministry of Statistics and Programme Implementation on January 10, 2025, provides a detailed breakdown of the growth across various industrial sectors.

In November 2024, the performance across the key industrial sectors showed positive results. The Mining sector grew by 1.9%, while the Manufacturing sector posted a solid growth of 5.8%. The Electricity sector also saw a healthy increase, with a growth rate of 4.4%.

The overall IIP for November 2024 stood at 148.4, compared to 141.1 in the same month the previous year. The breakdown of the indices across sectors revealed that Mining stood at 133.8, Manufacturing at 147.4, and Electricity at 184.1.

The Ministry of Statistics and Programme Implementation releases the quick estimates of IIP on the 12th of every month, or the previous working day if the 12th happens to be a holiday. These estimates are compiled using data collected from source agencies, who in turn gather the information from producing factories and establishments. It is important to note that these quick estimates are subject to revisions in subsequent releases, as per the revision policy of IIP.

The November 2024 figures highlight a positive trend in India’s industrial growth, signaling continued recovery in key sectors of the economy.