India's industrial output likely rose by 3.7 pc in October on festive demand: Report

New Delhi [India], December 9 (ANI): India's industrial production likely improved in October 2024, driven by festive demand, according to a report by Union Bank of India.

The report highlighted that the Index of Industrial Production (IIP) surged by 3.7 per cent year-on-year, up from 3.1 per cent in September. However, this is significantly lower than the 11.9 per cent growth recorded in October 2023, which was driven by