Wed Feb 12 18:10:53 UTC 2025: ## India’s Industrial Growth Slows to Three-Month Low in December 2024
**NEW DELHI** – India’s industrial production growth slumped to a three-month low of 3.2 percent in December 2024, according to official data released by the National Statistical Office (NSO) on Wednesday. This represents a significant slowdown compared to the 4.4 percent growth recorded in December 2023.
The decline is primarily attributed to weaker performance in the mining and manufacturing sectors. Manufacturing output grew by just 3 percent, down from 4.6 percent in December 2023, while mining production growth fell to 2.6 percent from 5.2 percent year-on-year. This contrasts with a robust 6.2 percent increase in power output.
The government also revised November 2024’s industrial output figure downward to 5 percent from the earlier provisional estimate of 5.2 percent. Growth in previous months was similarly sluggish, with September and August registering 3.2 percent and 0 percent growth, respectively. October saw a 3.7 percent increase.
Despite the overall slowdown, some sectors showed positive growth. Capital goods production accelerated to 10.3 percent, consumer durables increased by 8.3 percent, and infrastructure/construction goods grew by 6.3 percent. However, consumer non-durables contracted by 7.6 percent.
For the April-December 2024 period, overall IIP growth was 4 percent, a significant decrease from the 6.3 percent recorded in the same period of the previous year. The NSO attributed the sluggish growth to weak performance in key sectors. Analysts will be watching closely for further data to gauge the overall health of the Indian economy.
First Piper 