IIP growth at 2-year high at 6.7 pc in Nov on robust manufacturing driven by GST rate cuts
GST
Dated:- 29-12-2025
PTI
New Delhi, Dec 29 (PTI) India's industrial production grew at a two-year high of 6.7 per cent in November this year, driven by strong performances in mining and manufacturing, mainly on account of order pile-up following a cut in GST rates, according to official data released on Monday.
The factory output, measured in terms of the Index of Industrial Production (IIP), had expanded by 5 per cent in November 2024.
The previous high was recorded at 11.9 per cent in November 2023.
Ahead of the festivals, the Goods and Services Tax (GST) rates were cut on a host of consumer items, effective from September 22, 20
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ce (NSO) revised the industrial production growth to 0.5 per cent for October 2025 from the provisional estimate of 0.4 per cent released last month.
The NSO data showed that the manufacturing sector's output grew by 8 per cent in November 2025 from 5.5 per cent in the year-ago month. Mining production rose by 5.4 per cent against a growth of 1.9 per cent recorded a year ago.
Power production contracted by 1.5 per cent in November 2025, compared to 4.4 per cent expansion in the year-ago period.
During the April-November period of FY26, the country's industrial production growth decelerated by 3.3 per cent compared to 4.1 per cent in the same period a year ago.
An NSO statement said, “Driven by 8 per cent growth in manufacturing sect
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =