Factory output grows to 6-month high of 5.2%

India’s industrial production (IIP) growth accelerated to a six-month high mark of 5.2 % in November. The growth was driven by a strong performance in the manufacturing sector, according to data released by the Ministry of Statistics and Programme Implementation on Friday.

The growth marks a significant improvement from the 3.7 % growth recorded in October 2024. Further, in May 2024, IIP growth rose to 5.9 per cent, before dropping to 4.2 per cent in June. Manufacturing sector expanded by 5.8 per cent in November.

The manufacturing sector expanded by 5.8% in November. According to Bank of Baroda research, manufacturing sector registered a strong growth of 5.8%, a 8-month high against a growth of 4.4% in October 2024. Both mining and electricity output expanded to 1.9% and 4.4%, respectively, for November. The festive period has pushed forward the production. Within manufacturing, of the 23 sub-sectors, 15 contributed to higher growth in November.

These included, manufacture of furniture, computer & electronic, fabricated metal, machinery equipment, non-metallic minerals, among others. Notably, seven sectors have recorded slower growth including, manufacture of rubber, plastics, other transport equipment and refined petroleum products during the same period.