A growth of 3.5% have been recorded in India’s industrial output in October 2024.
India’s industrial output grew from 3.1% in September 2024 to three-month high level of 3.5% in October 2024.
India’s Index of Industrial Production increased by 3.5% in October 2024.
In October 2024, manufacturing output grew 4.1% year-on-year.
Electricity generation grew 2% and mining output grew 0.9%.
In the April-October 2024, industrial output (IIP) grew 4%.
Within manufacturing sector, 18 of 23 industry groups recorded growth as against October 2023.
“Manufacture of basic metals” (3.5%), “Manufacture of electrical equipment” (33.1%) and “Manufacture of coke and refined petroleum products” (5.6%) were largest contributors.
Top 3 sectors contributing to overall IIP growth in October 2024 are primary goods, intermediate goods and consumer durables.
Infrastructure/Construction goods grew by 4.0% in October 2024 over October 2023.
Intermediate goods grew at 3.7% in October 2024 over October 2023. Consumer durables grew at 5.9% in October 2024 over October 2023.
Capital goods grew at 3.1% in October 2024 over October 2023.
Primary goods grew at 2.6% in October 2024 over October 2023.
Consumer non-durables grew at 2.7% in October 2024.
