India’s Industrial Output Growth in November 2024

• Industrial output expanded 5.2% YoY, the highest in six months.

• Mining and electricity generation increased by 1.9% and 4.4% respectively.

• Manufacturing sector led with 5.8% growth, highest since April 2024.

• Consumer durables, infrastructure and construction goods, and capital goods saw the highest growth.

• Consumer non-durables output saw only 0.6% growth despite a weak base from the previous year.

• The Index of Industrial Production (IIP) rose only 2.5% in November 2023.

• Economists expect IIP growth to falter to about 3% in December due to a high base.