Overview
- Manufacturing rose 8.0% year on year, with basic metals, pharmaceuticals, and motor vehicles providing the biggest lift.
- Mining output increased 5.4% after the monsoon ended, while electricity generation contracted 1.5%.
- Use-based data showed broad gains, including infrastructure and construction goods up 12.1%, capital goods 10.4%, and consumer durables 10.3%.
- The statistics office revised October’s IIP growth to 0.5% from 0.4% and reported April–November growth at 3.3%, down from 4.1% a year earlier.
- Economists pointed to GST-driven restocking as a key driver and warned of a likely moderation as temporary supports fade and external trade risks persist.