Industrial Output Surges to a 6-Month High of 5.2% in Nov

Despite the Nov rebound, industrial output growth for the Apr-Nov period stood at 4.1%

- Rhik Kundu & Nikita Prasad

India's industrial output surged to a six-month high of 5.2% annually in November, driven by strong gains in the manufacturing sector.

Manufacturing output rose 5.8% in November, while electricity generation and mining activity grew by 4.4% and 1.9%, respectively, according to the latest data released by the ministry of statistics and programme implementation (MOSPI) on Friday.

During October, manufacturing expanded by 4.4%, electricity generation by 2%, and mining activity by 0.9%.

Economists polled by Reuters had expected industrial output to register a growth of 4.1% in November.

Despite the November rebound, industrial output growth for the April-November period stood at 4.1%, lower than the revised 6.5% growth recorded during the same period last year.

The uptick in industrial activity could provide a boost to India's economic outlook, particularly as global economic uncertainties persist.

However, the annual slowdown underscores the challenges the industrial sector faces in sustaining momentum.