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India’s Index of Industrial Production recorded growth of 5.2% in November 2024

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QUICK ESTIMATE OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF NOVEMBER 2024 (BASE 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

2.        Key Highlights:

  1.  The IIP growth rate for the month of November 2024 is 5.2 percent which was 3.5 percent (Quick Estimate) in the month of October 2024.
  2.  The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of November 2024 are 1.9 percent, 5.8 percent and 4.4 percent respectively.
  3.  The Quick Estimates of IIP stands at 148.4 against 141.1 in November 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2024 stand at 133.8, 147.4 and 184.1 respectively.
  4. Within the manufacturing sector, 18 out of 23 industry groups at the NIC 2 level have recorded a positive growth in November 2024 over November 2023. The top three positive contributors for the month of November 2024 are – “Manufacture of basic metals” (7.6%), “Manufacture of electrical equipment” (37.2%) and “Manufacture of other non-metallic mineral products” (12.0%).
  5. In the industry group “Manufacture of basic metals”, item groups “Galvanized products of Steel (including color coated tin plates, TMBP and Tin free steel)”, “Pipes and tubes of Steel”, “Flat products of Alloy Steel” have shown significant contribution in growth.
  6. In the industry group “Manufacture of electrical equipment”, item groups “Electric heaters”, “Transformers (Small)”, “End facing connector for optical fibers and cables” have shown significant contributions in growth.
  7. In the industry group “Manufacture of other non-metallic mineral products” item groups “Pre-fabricated Concrete blocks (including RMC)”, “Cement- all types”, “Fiberglass” have shown significant contribution in growth.
  8.  As per the use base classification, the indices stand at 147.7 for Primary Goods, 106.8 for Capital Goods, 158.8 for Intermediate Goods and 180.6 for Infrastructure/ Construction Goods for the month of November 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 120.5 and 158.1 respectively.
  9.  The corresponding growth rates of IIP as per Use-based classification in November 2024 over November 2023 are 2.7 percent in Primary goods, 9.0 percent in Capital goods, 5.0 percent in Intermediate goods, 10.0 percent in Infrastructure/ Construction Goods, 13.1 percent in Consumer durables and 0.6 percent in Consumer non-durables (Statement III).  Based on use-based classification, top three positive contributors to the growth of IIP for the month of November 2024 are – Infrastructure/ construction goods, Consumer durables and Primary goods.
  10.   Monthly Indices and Growth Rate (in %) of IIP for the last 13 months

 

3.  Along with the Quick Estimates of IIP for the month of November 2024, the indices for October 2024 have undergone the first revision and those for August 2024 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for November 2024, the first revision for October 2024 and the final revision for August 2024 have been compiled at weighted response rates of 87 percent, 94 percent and 96 percent respectively.

4.     Details of Quick Estimates of the Index of Industrial Production for the month of November 2024 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 13 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

5.     Release of the Index for December 2024 will be on Wednesday, 12th February 2025.

 

Note: –

  1. This Press release (English and Hindi Version) is also available at the Ministry’s Website –http://www.mospi.gov.in.
  2. Detailed information pertaining to IIP is available at https://mospi.gov.in/iip and https://esankhyiki.mospi.gov.in/
STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base: 2011-12=100)
Month Mining Manufacturing Electricity General
(14.372472) (77.63321) (7.994318) (100.00)
2023-24 2024-25 2023-24 2024-25 2023-24 2024-25 2023-24 2024-25
Apr 122.6 130.9 138.8 144.6 192.3 212.0 140.7 148.0
May 128.1 136.5 143.1 150.4 201.6 229.3 145.6 154.7
Jun 122.3 134.9 141.6 146.6 205.2 222.8 143.9 151.0
Jul 111.9 116.1 142.1 148.8 204.0 220.2 142.7 149.8
Aug 111.9 107.1 144.4 146.1 220.5 212.3 145.8 145.8
Sep 111.5 111.7 141.5 147.0 205.9 206.9 142.3 146.7
Oct 127.4 128.5 142.1 148.3 203.8 207.8 144.9 150.2
Nov* 131.3 133.8 139.3 147.4 176.3 184.1 141.1 148.4
Dec 139.5 151.6 181.6 152.3
Jan 144.3 150.8 197.1 153.6
Feb 139.7 144.4 187.2 147.1
Mar 156.2 156.2 204.2 160.0
Average
Apr-Nov 120.9 124.9 141.6 147.4 201.2 211.9 143.4 149.3
Growth over the corresponding period of previous year
Oct 13.1 0.9 10.6 4.4 20.4 2.0 11.9 3.7
Nov* 7.0 1.9 1.3 5.8 5.8 4.4 2.5 5.2
Apr-Nov 9.1 3.3 5.9 4.1 7.7 5.3 6.5 4.1
* Figures for November 2024 are Quick Estimates.
NOTE: Indices for the months of Oct’24 and Aug’24 incorporate updated production data.

 

 

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)  
(Base: 2011-12=100)  
  Industry Description Weight Index Cumulative Index Percentage growth
  code     Nov’23 Nov’24* Apr-Nov* Nov’24* Apr-Nov*
            2023-24 2024-25   2024-25
  10 Manufacture of food products 5.302 141.5 136.9 125.0 122.9 -3.3 -1.7
  11 Manufacture of beverages 1.035 100.7 101.1 109.1 113.1 0.4 3.7
  12 Manufacture of tobacco products 0.798 79.8 81.0 81.3 82.1 1.5 1.0
  13 Manufacture of textiles 3.291 102.7 106.6 107.2 108.1 3.8 0.8
  14 Manufacture of wearing apparel 1.322 92.9 100.2 102.4 110.4 7.9 7.8
  15 Manufacture of leather and related products 0.502 78.8 76.2 93.9 92.6 -3.3 -1.4
  16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.193 87.6 95.4 96.6 100.1 8.9 3.6
  17 Manufacture of paper and paper products 0.872 73.3 75.3 79.2 79.5 2.7 0.4
  18 Printing and reproduction of recorded media 0.680 84.1 77.6 88.1 83.5 -7.7 -5.2
  19 Manufacture of coke and refined petroleum products 11.775 132.9 135.6 130.7 134.7 2.0 3.1
  20 Manufacture of chemicals and chemical products 7.873 119.5 123.6 127.0 129.9 3.4 2.3
  21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.981 244.3 251.5 229.7 229.6 2.9 0.0
  22 Manufacture of rubber and plastics products 2.422 105.1 103.6 107.8 113.1 -1.4 4.9
  23 Manufacture of other non-metallic mineral products 4.085 127.0 142.2 140.2 144.0 12.0 2.7
  24 Manufacture of basic metals 12.804 207.3 223.0 209.6 223.0 7.6 6.4
  25 Manufacture of fabricated metal products, except machinery and equipment 2.655 81.0 96.9 88.1 94.4 19.6 7.2
  26 Manufacture of computer, electronic and optical products 1.570 96.7 114.8 121.0 131.1 18.7 8.3
  27 Manufacture of electrical equipment 2.998 89.0 122.1 102.5 125.7 37.2 22.6
  28 Manufacture of machinery and equipment n.e.c. 4.765 109.1 117.7 119.2 121.3 7.9 1.8
  29 Manufacture of motor vehicles, trailers and semi-trailers 4.857 126.7 133.3 126.7 131.6 5.2 3.9
  30 Manufacture of other transport equipment 1.776 144.5 159.4 141.1 161.4 10.3 14.4
  31 Manufacture of furniture 0.131 144.5 216.9 174.3 226.2 50.1 29.8
  32 Other manufacturing 0.941 65.8 58.7 88.8 83.0 -10.8 -6.5
 
  05 Mining 14.3725 131.3 133.8 120.9 124.9 1.9 3.3
  10-32 Manufacturing 77.6332 139.3 147.4 141.6 147.4 5.8 4.1
  35 Electricity 7.9943 176.3 184.1 201.2 211.9 4.4 5.3
 
  General Index 100.00 141.1 148.4 143.4 149.3 5.2 4.1

* Figures for November 2024 are Quick Estimates

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED
(Base :2011-12=100)

  Primary goods Capital goods Intermediate goods Infrastructure/ construction goods Consumer durables Consumer non-durables
Month (34.048612) (8.223043) (17.221487) (12.338363) (12.839296) (15.329199)
  2023-24 2024-25 2023-24 2024-25 2023-24 2024-25 2023-24 2024-25 2023-24 2024-25 2023-24 2024-25
Apr 142.2 152.2 92.4 95.0 152.0 157.8 169.8 184.2 108.1 119.5 154.7 150.9
May 149.9 160.9 102.6 105.3 156.9 162.4 173.2 186.3 115.6 130.2 149.8 154.0
Jun 146.7 156.0 107.4 111.3 154.2 159.1 170.9 184.9 116.8 127.1 146.7 145.2
Jul 141.8 150.1 102.1 114.0 153.8 164.6 170.3 179.7 117.0 126.6 153.5 147.1
Aug 145.4 141.6 107.4 107.4 157.4 162.3 176.8 181.5 123.2 129.8 148.3 141.8
Sep 138.8 141.3 112.6 116.6 154.2 159.8 172.8 178.4 125.0 133.1 142.6 145.7
Oct 146.1 149.8 106.1 109.4 157.5 164.8 175.9 184.4 123.0 130.0 142.4 146.1
Nov* 143.8 147.7 98.0 106.8 151.3 158.8 164.2 180.6 106.5 120.5 157.2 158.1
Dec 151.9 103.8 159.8 180.3 114.5 179.7
Jan 154.3 108.3 163.8 186.6 121.4 164.9
Feb 148.2 106.7 157.6 179.5 121.9 149.9
Mar 163.1 131.6 169.2 195.2 129.9 155.2
Average
Apr-Nov 144.3 150.0 103.6 108.2 154.7 161.2 171.7 182.5 116.9 127.1 149.4 148.6
Growth over the corresponding period of previous year
Oct 11.4 2.5 21.7 3.1 9.5 4.6 12.6 4.8 15.9 5.7 9.3 2.6
Nov* 8.4 2.7 -1.1 9.0 3.4 5.0 1.5 10.0 -4.8 13.1 -3.4 0.6
Apr-Nov 7.2 4.0 7.6 4.4 5.0 4.2 11.4 6.3 0.6 8.7 5.7 -0.5

 

* Figures for November 2024 are Quick Estimates.  
NOTE: Indices for the months of Oct’24 and Aug’24 incorporate updated production data.  
 

  STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
  (Base: 2011-12=100)
Industry code Description Weight Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24
10 Manufacture of food products 5.3025 141.5 160.8 158.9 151.9 142.4 119.8 116.4 118.3 119.9 122.3 120.1 129.5 136.9  
11 Manufacture of beverages 1.0354 100.7 101.3 112.6 120.0 124.2 123.8 136.4 125.2 112.9 100.3 102.0 103.2 101.1  
12 Manufacture of tobacco products 0.7985 79.8 82.7 84.6 77.3 78.3 61.1 88.1 83.2 81.3 78.5 91.2 92.3 81.0  
13 Manufacture of textiles 3.2913 102.7 112.3 109.7 104.1 106.9 105.3 107.0 106.2 109.1 109.4 109.6 111.2 106.6  
14 Manufacture of wearing apparel 1.3225 92.9 113.1 117.3 125.6 143.0 105.1 123.6 122.6 111.7 112.5 103.6 104.0 100.2  
15 Manufacture of leather and related products 0.5021 78.8 95.9 99.9 96.8 95.9 89.3 102.6 99.2 102.0 94.3 89.6 87.6 76.2  
16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.1930 87.6 97.7 96.4 101.7 111.4 84.3 100.3 103.8 99.1 108.1 106.7 103.1 95.4  
17 Manufacture of paper and paper products 0.8724 73.3 78.1 79.1 79.2 83.0 75.6 81.0 79.8 81.7 83.0 81.1 78.3 75.3  
18 Printing and reproduction of recorded media 0.6798 84.1 95.5 91.3 88.8 91.6 82.1 91.9 85.3 84.4 83.3 85.1 78.6 77.6  
19 Manufacture of coke and refined petroleum products 11.7749 132.9 141.9 134.7 131.2 142.4 135.4 140.7 132.2 140.9 130.8 128.9 132.8 135.6  
20 Manufacture of chemicals and chemical products 7.8730 119.5 127.5 127.6 125.4 132.3 127.0 133.2 131.7 135.2 129.5 129.4 129.2 123.6  
21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.9810 244.3 286.3 245.6 205.6 228.0 244.4 245.0 218.8 224.7 212.6 223.3 216.8 251.5  
22 Manufacture of rubber and plastics products 2.4222 105.1 106.9 112.8 110.3 116.3 108.9 112.4 114.5 116.9 115.5 116.6 116.6 103.6  
23 Manufacture of other non-metallic mineral products 4.0853 127.0 147.1 147.5 147.7 165.4 148.7 149.1 154.1 136.3 139.8 137.2 144.8 142.2  
24 Manufacture of basic metals 12.8043 207.3 220.2 226.9 213.2 232.1 220.7 225.9 219.2 223.7 225.6 218.3 227.9 223.0  
25 Manufacture of fabricated metal products, except machinery and equipment 2.6549 81.0 98.1 95.1 95.7 115.0 85.0 97.8 89.5 93.7 92.8 99.4 100.3 96.9  
26 Manufacture of computer, electronic and optical products 1.5704 96.7 111.6 120.8 125.8 134.7 114.2 136.5 134.8 130.9 146.6 146.8 123.8 114.8  
27 Manufacture of electrical equipment 2.9983 89.0 116.6 108.1 111.5 124.7 110.4 122.7 136.8 131.8 127.7 128.2 126.2 122.1  
28 Manufacture of machinery and equipment n.e.c. 4.7653 109.1 115.5 116.4 121.0 145.4 108.0 118.1 125.3 126.2 122.9 131.6 120.3 117.7  
29 Manufacture of motor vehicles, trailers and semi-trailers 4.8573 126.7 118.5 140.5 130.4 130.5 126.5 134.4 128.9 133.5 129.2 133.2 133.4 133.3  
30 Manufacture of other transport equipment 1.7763 144.5 137.2 149.5 145.8 175.7 140.3 153.2 153.4 155.0 156.4 189.0 184.5 159.4  
31 Manufacture of furniture 0.1311 144.5 197.4 199.0 227.7 296.4 220.8 246.0 217.0 209.2 226.2 246.0 227.8 216.9  
32 Other manufacturing 0.9415 65.8 70.5 76.6 76.4 90.0 96.5 72.5 74.6 83.3 86.9 99.5 91.8 58.7  
                                 
5 Mining 14.3725 131.3 139.5 144.3 139.7 156.2 130.9 136.5 134.9 116.1 107.1 111.7 128.5 133.8  
10-32 Manufacturing 77.6332 139.3 151.6 150.8 144.4 156.2 144.6 150.4 146.6 148.8 146.1 147.0 148.3 147.4  
35 Electricity 7.9943 176.3 181.6 197.1 187.2 204.2 212.0 229.3 222.8 220.2 212.3 206.9 207.8 184.1  
                               
  General Index 100 141.1 152.3 153.6 147.1 160.0 148.0 154.7 151.0 149.8 145.8 146.7 150.2 148.4  

 

* Figures for November 2024 are Quick Estimates

  NOTE: Indices for the months of Oct’24 and Aug’24 incorporate updated production data.

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