Wednesday, November 26, 2014: India has seen tremendous growth after the new Modi government has came in to power. While the growth rate has improved by large numbers across certain industry sectors, the latest report by FICCI suggests that the present quarter might not prove to much beneficial for the manufacturing sector. It says that India’s manufacturing sector is likely to see a moderate growth during the October-December quarter of FY2014-15.
The report titled as, FICCI Manufacturing Survey for Q3 of 2014-15, further reveals that industrial production has seen growth by 2.5 per cent in September as result of better manufacturing output, which has gone up from 1.4 per cent (in September last year) to 2.5 per cent in September this year.
The report further added, “Growth is likely to be more broad based during the third quarter as most of the sectors are expecting improvement in production.”
The survey was done on the basis of responses collected from 392 manufacturing units across 13 major sectors like textiles, capital goods, metals, chemicals, cement and ceramics, electronics, auto components, leather and footwear, machine tools, food and fast-moving consumer goods (FMCG), tyre, paper and textiles machinery.
