India’s industrial production expands to six-month high of 5.2% in November
Live MintIndia's industrial output surged to a six-month high of 5.2% annually in November, driven by strong gains in the manufacturing sector. Manufacturing output rose 5.8% in November, while electricity generation and mining activity grew by 4.4% and 1.9%, respectively, according to the latest data released by the Ministry of Statistics and Programme Implementation on Friday. Despite the November rebound, industrial output growth for the April-November period stood at 4.1%, lower than the revised 6.5% growth recorded during the same period last year. By this yardstick, overall industrial growth was modest at 4.4%, driven by consumer durables and infra/construction goods, with a distinctly lacklustre performance of primary goods and consumer non-durables,” said Aditi Nayar, chief economist and head – Research & Outreach at ICRA Ltd. "ICRA expects the IIP growth to moderate to ~3-5% in December 2024 from 5.2% in November 2024, partly on account of an unfavourable base," Nayar said.