India’s Industrial Output Rises At Slower Pace Of 3.2 Per Cent In December 2024

India’s industrial output, measured by the Index of Industrial Production (IIP), grew by 3.2 per cent in December 2024, down from 5.2 per cent in November, according to data released by the Ministry of Statistics and Programme Implementation (MOSPI) on Wednesday (12 February).

The slowdown reflects a moderation in manufacturing activity, which remains a key driver of industrial performance.

The National Statistical Office (NSO) report showed that manufacturing sector output expanded by 3.0 per cent in December 2024, compared to a 4.6 per cent growth in the same period a year earlier.

The mining sector grew by 2.6 per cent, while power generation increased by 6.2 per cent in December. These numbers suggest that while some sectors are maintaining steady growth, others are experiencing a slowdown.

The overall industrial production for December 2024 showed a lower growth rate than December 2023, when the IIP rose by 4.4 per cent.

Similarly, during the April-December 2024 period, industrial output increased by 4.0 per cent, marking a decline from 6.3 per cent recorded in the same period a year ago.

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