Economy

India’s industrial production records multi-month high of 5.2% in November

The Index of Industrial Production (IIP) growth rate for the month of November 2024 is 5.2 per cent (a multi-month high), which was 3.5 per cent the month prior, quick estimates released by the Ministry of Statistics and Programme Implementation showed Friday.

The growth rates of the three sectors, Mining, Manufacturing and Electricity in November 2024 were 1.9 per cent, 5.8 per cent and 4.4 per cent, respectively.

The Quick Estimates of IIP stands at 148.4 against 141.1 in November 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors in November 2024 stood at 133.8, 147.4 and 184.1, respectively.

The quick estimates of IIP are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.

Friday’s quick estimates will undergo revision in subsequent releases as per the revision policy of IIP.

ANI

Ani service

Recent Posts

India to be part of UN’s 63rd session of Commission for Social Development 2025

India will be participating in the 63rd session of the Commission for Social Development (CSoCD),…

11 hours ago

India importing crude from 40 countries; Argentina is new supplier: Hardeep Puri

Petroleum minister Hardeep Puri on Monday said that India is open to importing crude oil…

12 hours ago

Israeli govt pushes off October 7 commission of inquiry by 3 months

The Israeli government on Sunday night decided to push off by 90 days discussion on…

13 hours ago

China’s marriage rate drop to record low, upswing of divorces

China's marriage rate hit a record low in 2024, continuing a troubling trend despite the…

13 hours ago

Educational crisis in PoGB’s Diamer district

The education system in Pakistan-occupied Gilgit-Baltistan's Diamer district, has reached a critical point, with alarming…

14 hours ago

Defence sector powering growth engine of Indian economy, says Rajnath Singh

Aero India 2025, a confluence of critical & frontier technologies, will provide a platform to…

15 hours ago