India’s industrial production expanded at a two-year high of 6.7 per cent in November, supported by a robust performance in the manufacturing and mining sectors, according to official data released on Monday.
Factory output, measured by the Index of Industrial Production (IIP), had grown 5 per cent in November 2024, indicating a sharp acceleration in momentum. The last time industrial growth was higher was in November 2023, when IIP had surged 11.9 per cent.
The latest data underscores improving industrial activity, led by strength in manufacturing, which remains a key driver of overall economic growth.