New Delhi, March 13 -- India's industrial activity witnessed a significant surge in January 2025, primarily driven by the manufacturing sector, according to ICICI Bank Global Markets report.

Out of 23 manufacturing industries, 19 recorded positive momentum, an improvement from 16 in the previous month. Additionally, higher government spending in January provided further support to industrial growth, and the outlook remains favourable for meeting budget targets.

Higher government spending played a crucial role in supporting industrial growth. The outlook remains positive for achieving budget targets, aided by resilient rural demand and non-oil exports.

While some moderation in activity was observed in February due to lower automobile an...