India's Factory Output Soars to Two-Year High in November on Broad Recovery

• India's Index of Industrial Production (IIP) surged to 6.7% in November, marking a two-year high, significantly up from 0.4% in October.
• Manufacturing output led the recovery, expanding 8% in November compared to 2% in the previous month.
• Mining output improved to 5.4% growth, reversing a contraction, while electricity decline narrowed to 1.5%.
• Strong investment activity seen with capital goods up 10.4% and infrastructure goods up 12.1%.
• Consumer demand rebounded, with durables growing 10.3% and non-durables 7.3%, reversing previous contractions.

Why It Matters: India's industrial momentum is strengthening, driven by manufacturing, infrastructure, and consumption recovery.