Factory Output Surges To 6-Month High In Nov

New Delhi: India’s industrial growth, reflected in the Index of Industrial Production (IIP), accelerated to a six-month high of 5.2 per cent in November, up from 3.5 per cent in October of the current financial year (2024-25), according to data released by the Ministry of Statistics on Friday. The increase also marks a significant rise over the industrial growth of 2.5 per cent recorded a year before in November 2023.

The growth rate of the manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), accelerated to 5.8 per cent during November 2024 from 4.1 per cent in October.

This augurs well for employment generation as the sector plays a key role in providing quality jobs to the young graduates passing out from the country’s engineering institutes and universities.