New Delhi, March 13 -- India's industrial activity recorded a significant upturn in January 2025, with the manufacturing sector serving as the primary catalyst for growth, according to a recent report by ICICI Bank Global Markets.

The Index of Industrial Production (IIP) registered a 5.0 percent year-on-year (YoY) increase in January, marking an improvement from the 3.5 percent growth observed in December 2024.

The manufacturing sector demonstrated robust performance, expanding by 5.5 percent YoY in January, a substantial improvement from the 3.0 percent YoY growth recorded in the previous month.

Notably, 19 out of 23 manufacturing industries exhibited positive momentum, reflecting a broader industrial recovery compared to the 16 indus...