India’s industrial output rose to 3.5 percent in October this year, standing at a three-month high, as per the data released by the Ministry of Statistics and Programme Implementation today. October marks the second consecutive month of rise in industrial output, after a slight contraction in August.
Among the three major components of IIP, manufacturing output climbed 4.1 percent in October, while electricity generation grew two percent and mining activity increased by 0.9 percent, as per the data.
The corresponding growth rates of IIP as per Use-based classification in October 2024 over October 2023 stood at 2.6 percent in Primary goods, 3.1 percent in Capital goods, 3.7 percent in Intermediate goods, 4 percent in Infrastructure or Construction Goods, 5.9 percent in Consumer durables and 2.7 percent in Consumer non-durable.