New Delhi, Dec. 29 -- India's Index of Industrial Production (IIP) is expected to show a sharp recovery in November 2025, rising to 4.0 per cent year-on-year, supported by post-festival normalisation of activity and higher manufacturing output, according to a report by Union Bank of India.

The report said IIP growth is likely to improve to 4.0 per cent in Nov'25, up from 0.4 per cent in October 2025 and 5.0 per cent in November 2024.

The improvement is attributed to a rebound in manufacturing activity and a consumption-led recovery following the festive season.

With Diwali in October, industrial activity weakened due to holiday-related disruptions, resulting in a temporary slowdown in output. The November data is expected to reflect a ...