India's Industrial Output Soars 6.7% in November, Hits Two-Year High

• India's Index of Industrial Production (IIP) surged by 6.7% in November, marking its highest level in two years.
• The manufacturing sector was the primary driver of this growth, boosted by sustained demand, rising orders, and improved supply chains.
• The mining sector also made a significant contribution, with increased activities supporting raw material supply and infrastructure projects.
• This November growth indicates strengthening Indian industries, surpassing the 5% growth recorded in a previous November.
• Future growth depends on global conditions, interest rates, raw material prices, and sustained domestic demand and investment.

Why It Matters: Indian industrial production achieved a two-year high in November, driven by manufacturing and mining.