
India's industrial production saw a significant surge in November, reaching a 6.7% year-on-year growth, marking a two-year high. This acceleration was primarily driven by an 8% expansion in the manufacturing sector, with notable contributions from basic metals, pharmaceuticals, and motor vehicles. The mining sector also rebounded with 5.4% growth, while electricity generation experienced a 1.5% contraction. Economists attribute the rise partly to festive demand, GST rate cuts, and restocking, though some caution about temporary factors and potential trade impacts.