PR No – 43
10th January, 2025
New Delhi
High Growth in Consumer Durables and Infrastructure Goods Support IIP: PHDCCI
The consistent rise in the Index of Industrial Production (IIP) since September 2024 underscores the robust growth of India’s industrial sector, said Mr. Hemant Jain, President of the PHD Chamber of Commerce and Industry.
IIP recorded a growth of 5.2% in November 2024, up from 3.7% in October 2024.
Consumer durables registered the highest growth at 13.1% in November 2024, followed by infrastructure/construction goods at 10%, and capital goods at 9%,” said Mr. Jain.
The steady improvement across key sectors, including mining, manufacturing, and electricity, has significantly contributed to the rise in IIP. In November 2024
Growth rates for these sectors stood at 1.9%, 5.8%, and 4.4%, respectively, compared to 0.9%, 4.4%, and 2% in October 2024, he added.
Looking ahead, the industrial sector is expected to maintain its strong growth trajectory, supported by proactive government measures and policy support, said Mr. Jain
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Warm Regards,
Media Division, PHDCCI