India’s industrial output as measured by the Index of Industrial Production (IIP) recorded a growth of 3.5 percent in October this year, against 3.1 percent in September 2024, according to a statement by the ministry of statistics and program implementation on Friday, December 13.
In the April-October period of the fiscal year 2024-25, industrial output grew by four percent, compared to a revised seven percent from the corresponding period of the previous fiscal year, highlighting a slowdown in the second half of the fiscal year, the data showed.
Of the three major industries, mining output rose 0.9 percent, manufacturing output expanded 4.1 percent compared with 3.9 percent in the previous month, while electricity output growth remained muted at two percent.