4 days, 2 hours ago
India’s Industrial Output Hits 6-Month High at 5.2%
Deccan ChronicleIndia's industrial output growth accelerated to a six-month high of 5.2 per cent year-on-year in November 2024 against the backdrop festive demand and pick-up in manufacturing sector. As per use-based classification, the data further showed that the capital goods segment growth accelerated to 9 per cent in November 2024 against a contraction of 1.1 per cent in the year-ago period. “Showing festive demand, consumer durable goods production grew by 13.1 per cent during the reporting month against a contraction of 4.8 per cent in November 2023,” the ministry said. In November 2024, consumer non-durables output growth remained almost flat at 0.6 per cent compared to a contraction of 3.4 per cent in November 2023.
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