Indian manufacturing sector sees 3% growth in December 2024

The growth rate of the manufacturing sector for December 2024 was 3 per cent, an official release said.

The quick estimates of IIP stood at 157.2 in December last year against 152.3 in the same month in the preceding year; the IIP for manufacturing for the month stood at 156.2.

Within the manufacturing sector, 16 out of 23 industry groups have recorded a positive YoY growth in December last year.

As per the use base classification, the indices stand at 157.7 for primary goods, 114.5 for capital goods, 169.3 for intermediate goods and 191.7 for infrastructure/construction goods for December 2024.

The indices for consumer durables and consumer non-durables stood at 124 and 166 respectively.

ALCHEMPro News Desk (DS)