India’s industrial production grew strongly in November, reaching its highest level in the last 25 months. The growth rate, measured by the Index of Industrial Production (IIP), rose to 6.7 per cent compared to the same month last year. This was a sharp improvement from October, when growth was just 0.5 per cent after revision.
The IIP had last seen such strong growth in November 2023, when it had risen by 11.9 per cent. The latest data shows that industrial activity has picked up pace after a slow period.
According to figures released by the Ministry of Statistics and Programme Implementation, the main reason for the increase was strong growth in the manufacturing sector, which expanded by 8 per cent in November. Manufacturing is the largest part of the IIP and plays a key role in overall industrial growth.
Other sectors also showed positive performance. Mining activity grew by 5.4 per cent. This was helped by the end of the monsoon season, which allowed mining operations to resume fully, and by higher production of metallic minerals such as iron ore.
Overall, the data suggests that India’s industrial sector showed clear signs of recovery in November, supported mainly by manufacturing and mining growth.