New Delhi, March 8 -- India's industrial production, measured by the Index of Industrial Production (IIP), is likely to surge to 3.7 per cent year-on-year in January 2025, up from 3.2 per cent in December 2024, according to a report by Union Bank of India.

The report attributed this improvement to an overall rise in industrial activity. However, the report also highlights that despite this monthly increase, the IIP growth in January is likely to be lower compared to 4.2 per cent recorded in January 2024, indicating a year-on-year decline.

It said "Industrial production growth, as indicated by IIP, likely inch-up to 3.7 pc YoY in Jan'25, from 3.2 pc in previous month and 4.2 pc in Jan'24, due to improvement in overall industrial activiti...