IIP growth hit 2-yr high of 6.7% in Nov

India’s industrial output attained its highest level in financial year 2025-26 (FY26) so far in November, rising 6.7 per cent year-on-year, the fastest in 25 months, fuelled by a spike in manufacturing and a sharp pickup in consumer goods, even as electricity generation shrank for the second straight month.

- AUHONA MUKHERJEE

The Index of Industrial Production (IIP) quick estimates for November signalled a 4.5 per cent uptick from levels seen in October, when the index rose a mere 0.5 per cent higher year-on-year, according to data released by the National Statistics Office (NSO) on Monday. The NSO had earlier pegged October’s growth at 0.4 per cent.

Manufacturing, which makes up about 78 per cent of industrial output, grew at a 25-month high pace of 8 per cent in November, compared to 2 per cent in October and 4.4 per cent between April and November.

Mining output rebounded to 5.4 per cent in November, snapping a two month-contraction streak. Last November, the IIP had risen 5 per cent.

On an end-use basis, three of six IIP segments clocked double-digit growth, including capital goods, which rose at a six-month high rate of 10.4 per cent, and infrastructure and construction items that were up 12.1 per cent, the swiftest in four months. Primary goods grew 2 per cent and intermediate goods' output was up 7.3 per cent.