The Index of Industrial Production (IIP) grew 3.2 per cent in December which was 5.2 per cent the month prior, quick estimates released by the statistics ministry showed Wednesday, Feb 12.
The growth rates of the three sectors, mining, manufacturing and electricity for December 2024 were 2.6 per cent, 3.0 per cent and 6.2 per cent, respectively. The quick estimates of IIP stands at 157.2 against 152.3 in December 2023. The Indices of Industrial Production for the mining, manufacturing and electricity sectors for December 2024 stand at 143.1, 156.2 and 192.8 respectively. Within the manufacturing sector, 16 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in December 2024 over December 2023. The top three positive contributors for December 2024 are – “Manufacture of basic metals” (6.7 per cent), “Manufacture of electrical equipment” (40.1 per cent) and “Manufacture of coke and refined petroleum products” (3.9 per cent).