FICCI Survey: Optimism Prevails in India’s Manufacturing Sector Amid Challenges
FICCI Survey: Optimism Prevails in India's Manufacturing Sector Amid Challenges
India's manufacturing sector has displayed resilience and optimism in the first half of fiscal year 2023-24 (FY24), as indicated by the latest Quarterly Survey on Manufacturing conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI).
Production Outlook: A significant majority of respondents anticipate either increased or stable production levels in the fourth quarter of FY24, reflecting sustained growth momentum.
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Order Expectations: Around 85% of respondents foresee higher order volumes in Q4 FY24 compared to the previous quarter, highlighting positive sentiments in domestic d...