India’s industrial production growth, measured by the Index of Industrial Production (IIP), slowed to 3.2 percent in December as compared to 5.2 percent in November, according to the data released by the Ministry of Statistics and Programme Implementation.
Among the three major components of IIP, electricity generation grew 6.2 percent in December, and mining activity increased by 2.6 percent, while manufacturing output fell by 3 percent as compared to the previous month, as per the data.
The corresponding growth rates of IIP as per use-based classification in December 2024 over December 2023 stood at 3.8 percent in primary goods, 10.3 percent in capital goods, 5.9 percent in intermediate goods, 6.3 percent in infrastructure or construction goods, 8.3 percent in consumer durables, and 7.6 percent contraction in consumer non-durable.
