New Delhi, April 26 -- India's Index of Industrial Production (IIP) likely grew 4.3 per cent year-on-year in March 2025, improving from 2.9 per cent in February, according to a report by Union Bank of India.

The report said that the increase in IIP was mainly driven by a pickup in manufacturing and mining activity.

It said, "IIP growth likely rose to 4.3% YoY in Mar'25, from 2.9% in previous month and 5.5% in Mar'24, due to pick up in manufacturing and mining."

However, the growth in March was still lower than the 5.5 per cent recorded in the same month last year. The report warned that going ahead, industrial growth could come under pressure due to rising global uncertainties.

According to the report, a major reason for the expected ...