Indian manufacturing sector sees 3% growth in December 2024

13 Feb '25

1 min read

Indian manufacturing sector sees 3% growth in December 2024

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Insights

The growth rate of India's index of industrial production (IIP) in December 2024 was 3.2 per cent YoY, quick estimates by the Ministry of Statistics and Programme Implementation show.
It was 5.2 per cent in November.
The manufacturing sector's growth rate for the month was 3 per cent.
The quick estimates of IIP stood at 157.2 in December 2024; the IIP for manufacturing for the month stood at 156.2.

The growth rate of India’s index of industrial production (IIP) in December last year was 3.2 per cent year on year (YoY), according to quick estimates by the Ministry of Statistics and Programme implementation. It was 5.2 per cent in November.

The growth rate of the manufacturing sector for December 2024 was 3 per cent, an official release said.

The quick estimates of IIP stood at 157.2 in December last year against 152.3 in the same month in the preceding year; the IIP for manufacturing for the month stood at 156.2.

Within the manufacturing sector, 16 out of 23 industry groups have recorded a positive YoY growth in December last year.

As per the use base classification, the indices stand at 157.7 for primary goods, 114.5 for capital goods, 169.3 for intermediate goods and 191.7 for infrastructure/construction goods for December 2024.

The indices for consumer durables and consumer non-durables stood at 124 and 166 respectively.

Fibre2Fashion News Desk (DS)

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