India's industrial production growth reached a six-month high of 5.2% year-on-year in November 2024, up from 3.5% in October, the Union government said on Friday.
The Index of Industrial Production recorded a growth of 2.5% in November 2023, according to the Ministry of Statistics and Programme Implementation.
In May, industrial production grew by 6.3% year-on-year, followed by 4.9% in June and 5% in July.
In November, growth in the mining sector slowed down to 1.9% as compared to 7% in the same month last year. However, growth in the manufacturing sector accelerated to 5.8% in November, as against 1.3% a year earlier.
Growth in electricity generation slowed to 4.4% in November from 5.8% a year earlier.
The capital goods segment grew by 9% in November, as against a contraction of 1.1% in the same month in 2023.
The production of consumer durable goods grew by 13.1% as compared to a contraction of 4.8% in November 2023. Growth in consumer non-durables remained nearly flat at 0.6%, as against a contraction of 3.4% in November 2023.
Buy an annual Scroll Membership to support independent journalism and get special benefits.
Our journalism is for everyone. But you can get special privileges by buying an annual Scroll Membership. Sign up today!