Manufacturing sector growth to continue till next 6-9 months: FICCI survey
According to the results of the FICCI Quarterly Survey on Manufacturing, the recent growth momentum of the manufacturing sector is anticipated to persist for the next six to nine months.
The Indian economy rebounded in FY 2021–22, and economic momentum continued in the first quarter of FY 2022-23 and the second quarter of FY 2022-23, with more than 61% of respondents reporting increasing output levels in the second quarter of FY 2022-23.
Over 70% of the average capacity is now being used in manufacturing, which indicates sustained economic activity in the sector.
As over 40% of respondents stated intentions for capacity expansions in the next six months, by as much as over 15% on average, the future investment outlook also marginally improved as compared to the previous quarter.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.