Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 44)
44.
What was the growth rate of India’s factory output in November 2024, as measured by the Index of Industrial Production (IIP)?
Answer: Option
Explanation:
India’s factory output, as indicated by the Index of Industrial Production (IIP), rose by 5.2% in November 2024, the highest growth rate in six months. This increase was driven by favourable base effects, seasonal demand during the festive period, and notable improvements in manufacturing, capital goods, and consumer durables. The cumulative industrial growth for April-November 2024 was recorded at 4.1%.
Discussion:
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