Current Affairs-Topics

India's industrial production rises by 5.2% in November, marking the highest growth since May.

India's factory output, reflected in the Index of Industrial Production (IIP), grew by 5.2% in November 2024, reaching its highest level in six months. This increase, compared to 3.7% in October, was fueled by a positive base effect and higher demand in manufacturing, capital goods, and consumer durables.

India's factory output, as indicated by the Index of Industrial Production (IIP), saw a notable increase of 5.2% in November 2024, the highest in six months. This growth, up from 3.7% in October, is primarily attributed to a favorable base effect and a seasonal rise in demand, particularly in manufacturing, capital goods, and consumer durables during the festive season. However, the cumulative growth for April-November 2024 stands at 4.1%, a slowdown compared to the 6.5% growth during the same period last year.

Key Highlights

Overall Growth

  • Factory output grew by 5.2% in November 2024, marking the highest growth in six months.
  • The growth was driven by favorable base effects and increased demand during the festive season.
  • Cumulative growth for April-November 2024 is 4.1%, lower than the 6.5% growth recorded in the same period last year.

Sector-wise Performance

  • Manufacturing: Manufacturing output rose by 5.8% in November 2024, the highest in eight months, mainly due to the festive season. This compares to 1.3% growth in November 2023 and 4.4% in October 2024.
  • Mining: Mining output grew by 1.9% in November, up from 0.9% in October, but slower than the 7.0% growth seen in November 2023.
  • Electricity: Electricity output increased by 4.4% in November, compared to 2.0% in October and 5.8% in November 2023.

Use-based Classification

  • Primary Goods: Output of primary goods grew by 2.7% in November, slightly higher than 2.5% in October but lower than 8.4% in November 2023.
  • Capital Goods: Capital goods output surged by 9.0% in November, signaling positive investment sentiment, compared to 3.1% growth in October and a 1.1% contraction in November 2023.
  • Consumer Durables: Consumer durables saw a significant 13.1% growth in November, the highest of the year, up from 5.7% in October and 4.8% in November 2023, likely driven by festive demand.
  • Consumer Non-durables: Consumer non-durables, such as FMCGs, grew by just 0.6% in November, a slowdown compared to 2.6% in October and a contraction of 3.4% in November 2023.

Economic Outlook

  • The positive growth trend across all sectors since September 2024 raises hopes for industrial recovery.
  • The surge in consumer durables is seen as a seasonal spike due to festive demand rather than a long-term trend.
  • Economists caution that the growth in consumer durables may not continue beyond the festive season.

More Related Articles

Tata AutoComp Acquisition of IAC

The Tata AutoComp acquisition of Slovakia-based IAC Group has become a key topic in recent current affairs, especially for students preparing for competitive exams like SSC, UPSC, and banking.

India Electronics Exports Growth 2025–2026

India's electronics exports are witnessing unprecedented growth, turning the country into a rising global electronics manufacturing hub. In the first quarter of FY26 (April–June 2025), I

Paytm Ant Group Exit Explained

In a significant development for India’s digital economy, Ant Group, the Chinese fintech giant affiliated with Alibaba, has completely exited Paytm by selling its entire stake in its parent

World Bank Income Levels 2024

The World Bank Income classification system is a crucial topic for SSC aspirants, especially in current affairs and economics. Updated annually, this system groups countries based on their Gross N

Trump’s 25% Tariff on India

In a bold and controversial move, Trump’s 25% Tariff on India has officially come into effect from August 1, 2025. This decision by US President Donald Trump is being seen as a turning point

Legacy of Lord Meghnad Desai

Lord Meghnad Desai, the eminent Indian-origin UK economist, author, and peer in the British Parliament, has passed away at the age of 85. His death marks the loss of one of the most prominent Brit

New RBI AIF Norms From Jan 2026

The Reserve Bank of India (RBI) has released the New RBI AIF Norms to regulate how much banks and NBFCs (Non-Banking Financial Companies) can invest in Alternative Investment Funds (AIFs). These u

IMF India Growth Projection 2025–26

The International Monetary Fund (IMF) has released its latest economic outlook, revising the IMF India growth projection upward to 6.4% for both 2025 and 2026. This update reaffirms India's po

UPI Transactions in India FY19 to FY25

India's rapid shift toward becoming a digital economy has captured global attention. At the heart of this transformation lies the Unified Payments Interface (UPI) – a groundbreaking init

India’s Gig Economy Growth 2025

India’s gig economy has witnessed rapid growth in recent years, transforming the structure of the labour market. According to the latest Gig Workers India Statistics, by FY 2024–25, In

Toppers

anil kumar
Akshay kuamr
geeta kumari
shubham