India’s industrial output growth decelerated to 3.2% in December 2024, down from 5% in November, as reported by the Index of Industrial Production (IIP). This decline was primarily attributed to a weaker performance in the manufacturing sector, although electricity generation experienced a significant boost. This slowdown raises concerns regarding the overall economic momentum as the country approaches 2025.<\/p>\n\n\n\n
The slowdown in industrial growth during December was affected by various sector performances. The manufacturing sector, which holds a significant portion of the Index of Industrial Production (IIP), experienced only a 3% growth in December, down from 4.6% in the same month last year. The mining sector also saw a decline, with output increasing by just 2.6%, a stark contrast to the 5.2% growth recorded in the previous year. On a brighter note, electricity generation rose by 6.2%, a notable increase compared to the 1.2% growth seen in December of the previous year.<\/p>\n\n\n\n
Which Sectors Were Affected the Most?<\/p>\n\n\n\n
The slowdown was uneven across different sectors:<\/p>\n\n\n\n
Capital Goods:<\/strong> Investment in capital goods remained strong, registering 10.3% growth, up from 3.7% last year .<\/p>\n\n\n\n Consumer Durables:<\/strong> Demand for consumer durable goods rose by 8.3%, compared to 5.2% in December 2023 .<\/p>\n\n\n\n Consumer Non-Durables:<\/strong> This sector witnessed a sharp contraction of 7.6%, reversing from a 3% growth last year .<\/p>\n","protected":false},"excerpt":{"rendered":" India’s industrial output growth decelerated to 3.2% in December 2024, down from 5% in November, as reported by the Index of Industrial Production (IIP). This decline was primarily attributed to a weaker performance in the manufacturing sector, although electricity generation experienced a significant boost. This slowdown raises concerns regarding the overall economic momentum as the […]<\/p>\n","protected":false},"author":419,"featured_media":170062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5359],"tags":[4939],"offerexpiration":[],"class_list":["post-170054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-february-2025","tag-ranks-report-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/170054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=170054"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/170054\/revisions"}],"predecessor-version":[{"id":170063,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/170054\/revisions\/170063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/170062"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=170054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=170054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=170054"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=170054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}