India’s industrial output grew 3.5% in October 2024:
India’s industrial output growth slowed to 3.5% in October 2024, a sharp drop from 11.9% recorded in the same month last year. The Index of Industrial Production (IIP) for October 2024 stood at 149.9, up from 144.9 in October 2023. The slowdown was driven by weaker performance in the mining, electricity, and manufacturing sectors, as per data released by the Ministry of Statistics.
