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India's industrial production growth falls to 3.2% in December
It stood at 5.2% in November

India's industrial production growth falls to 3.2% in December

Feb 12, 2025
06:22 pm

What's the story

India's industrial output, measured by the Index of Industrial Production (IIP), has slowed down. The growth rate fell to 3.2% in December 2024, down from a high of 5.2% in November, data released by the Ministry of Statistics and Programme Implementation (MoSPI) revealed. This marks a major deceleration in the country's industrial production growth.

Sectoral performance

Sector-wise growth rates

The MoSPI data also gave a sector-wise breakup of the growth rates in three major sectors, namely mining, manufacturing, and electricity. In December last year, these sectors witnessed growth rates of 2.6%, 3.0%, and 6.2% respectively. The electricity sector led the way with a strong growth rate of more than 6%.

Information

Factory output saw 4.4% growth in Dec 2023

The factory output in India witnessed a growth of 4.4% in December 2023. Meanwhile, industrial output rose by 4% in the April-December period, compared to around 6.3% a year ago.