Industrial output grows 3.1% in September 2024
On 12 November 2024, the Statistics Ministry released Quick Estimates showing the Index of Industrial Production grew 3.1% in September 2024.
Summary
On 12 November 2024, the Ministry of Statistics and Programme Implementation released Quick Estimates of the Index of Industrial Production (IIP, base 2011-12=100) for September 2024, showing growth of 3.1%, against (-)0.1% in August 2024. Mining, manufacturing and electricity grew 0.2%, 3.9% and 0.5% respectively. The IIP stood at 146.7 against 142.3 in September 2023. Quick Estimates are released on the 12th of every month with a six-week lag.
Key facts
- Released
- 12 Nov 2024, MoSPI
- Sept 2024 IIP growth
- 3.1% (Aug 2024: -0.1%)
- Sectors
- Mining 0.2%; Manufacturing 3.9%; Electricity 0.5%
- Index
- 146.7 (Sept 2023: 142.3)
- Base year
- 2011-12
- Release cycle
- 12th of every month, six-week lag
Practice MCQs 2 questions
As per Quick Estimates released on 12 November 2024, India's IIP grew by how much in September 2024?
Show answer
Correct answer: A — 3.1%
PIB (MoSPI): the IIP growth rate for September 2024 is 3.1%, against (-)0.1% in August 2024.
In September 2024, the manufacturing sector of the IIP grew by:
Show answer
Correct answer: C — 3.9%
PIB (MoSPI): mining, manufacturing and electricity grew 0.2%, 3.9% and 0.5% respectively in September 2024.