IIP growth climbs to 25-month high of 6.7% in November, Pg1

Key Highlights:

• IIP growth hit a 25-month high of 6.7% in November 2025, according to the Union Statistics and Programme Implementation Ministry.
• Manufacturing output surged to a 25-month high of 8%, compared to 1.8% in October 2025.
• The infrastructure and construction sectors grew at 12.1% in November, the fastest since October 2023.
• The capital goods sector recorded an 11-month high growth of 10.4% in November.
• Consumer durables and consumer non-durables sectors rebounded, growing 10.3% and 7.3% respectively.

Detailed Insights:

• The November 2025 IIP growth reflects the shift in the festive calendar and restocking after festive season sales.
• Despite the demand boost following GST rate rationalisation in September, IIP growth averaged 3.6% during October-November, lower than the 4.3% in July-September.
• Mining output growth accelerated to a three-month high of 5.4% in November, following two months of contractions.
• The electricity sector contracted by 1.5% in November, down from a growth of 4.4% in November 2024.
• The IIP growth was last surpassed by the 11.9% in October 2023.

Key Concepts Involved:

• Index of Industrial Production (IIP): An index that shows the growth rates in various industry groups of the economy in a specified period.
• Manufacturing Output: The total value of goods and products manufactured during a specific period.
• GST Rate Rationalisation: Restructuring of the Goods and Services Tax (GST) rates to simplify the tax structure.