India’s industrial output rose 5.2% in November to a multi-month high

New Delhi New Delhi. The quick estimates released by the Ministry of Statistics and Programme Implementation on Friday showed that the Index of Industrial Production (IIP) growth rate for the month of November 2024 is projected at 5.2 per cent (a multi-month high), as against 3.5 per cent in the previous month. The three sectors, mining, manufacturing, and electricity, grew at 1.9 per cent, 5.8 per cent and 4.4 per cent, respectively, in November 2024. The quick estimates of IIP are 148.4 as against 141.1 in November 2023. The Index of Industrial Production for 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 the 12th of every month (or on the working day preceding 12th, if 12th is a holiday) with a lag of six weeks and are compiled with data received from source agencies, who in turn receive data from the producing factories/establishments.