India's industrial output at 6-month high of 5.2% y/y in November

Published 01/10/2025, 05:43 AM
Updated 01/10/2025, 06:12 AM
© Reuters. FILE PHOTO: Employees work at a steel processing production line of a factory in Mandi Gobindgarh, in the northern state of Punjab, India, October 19, 2024. REUTERS/Priyanshu Singh/File Photo

NEW DELHI (Reuters) -India's industrial output growth hit a six-month high of 5.2% year-on-year in November helped by a strong rise in output of consumer durables and capital goods, government data showed on Friday.

Economists polled by Reuters had expected a growth of 4.1%.

Output in the manufacturing sector, which accounts for about 17% of India's gross domestic product, advanced 5.8% in November, while electricity generation grew 4.4% and mining activity rose 1.9%, the data showed.

In October, these sectors had grown by 4.4%, 2% and 0.9%, respectively.

"We need to see if this (IIP growth) can be sustained in the coming months as this will help in boosting the GDP growth number for the year where manufacturing sector growth has been subdued at 5.3%," said Madan Sabnavis, an economist at Bank of Baroda (NS:BOB).

India's growth is projected to slow to a four-year low of 6.4% in the financial year ending March 31, according to government estimates released earlier this week.

Consumer durables output, which includes household appliances and vehicles, rose 13.1% in November against a revised 5.7% growth a month ago.

© Reuters. FILE PHOTO: Employees work at a steel processing production line of a factory in Mandi Gobindgarh, in the northern state of Punjab, India, October 19, 2024. REUTERS/Priyanshu Singh/File Photo

Output of capital goods, which includes manufacturing plants and machinery, rose 9% in November compared to 3.1% in October.

Industrial output increased by 4.1% in the April-November period, compared to a revised 6.5% growth a year ago.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.