
India's industrial production saw a significant surge in November 2025, with the IIP growing 6.7% and manufacturing at 8%, the fastest in 25 months. This growth is attributed to post-festive restocking, GST rate reductions boosting demand, and a rebound in the mining sector after monsoon disruptions. However, economists suggest this surge is likely temporary, driven by seasonal and one-off factors rather than sustainable demand. Overall consumer demand remains sluggish, and the festive season boost is expected to wane.