Industrial production expands by 7.1% in November vs 1% YoY: Govt data

India’s Index of Industrial Production expanded by 7.1 per cent in November, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Thursday. It was at -4.1 per cent in October 2022.

The Index of Industrial Production (IIP) grew by 1 per cent in November 2021.

According to the IIP data released by the National Statistical Office (NSO), the manufacturing sector’s output grew by 6.1 per cent in November 2022.

The mining output rose by 9.7 per cent and power generation increased by 12.7 per cent during the month under review.