India’s industrial production recorded its fastest growth in two years, expanding by 6.7 per cent in November, largely supported by a strong performance in the manufacturing and mining sectors, according to official data released on Monday.

Measured by the Index of Industrial Production (IIP), factory output showed a sharp acceleration compared to a 5 per cent expansion in November last year. The latest growth marks the highest pace since November 2023, when industrial output had surged by 11.9 per cent.

Data released by the National Statistics Office (NSO) also showed a marginal upward revision in October figures, with industrial growth now placed at 0.5 per cent, compared to the provisional estimate of 0.4 per cent announced earlier.

Manufacturing, which accounts for a significant share of the IIP, registered a robust growth of 8 per cent in November, improving from 5.5 per cent in the corresponding month a year ago. Mining activity also picked up pace, with output rising 5.4 per cent against 1.9 per cent growth recorded last year.

In contrast, power generation remained weak, contracting by 1.5 per cent in November, compared to a 4.4 per cent expansion in the year-ago period.

However, on a cumulative basis, industrial production growth during the April–November period of FY26 moderated to 3.3 per cent, down from 4.1 per cent recorded in the same period of the previous financial year, indicating uneven recovery across sectors.