New Delhi: The average capacity utilization in the manufacturing sector is Around 75%, which reflects sustained economic activity in the sector, and the future investment Outlook is also positive, a Survey Showed On Monde
About 42% of Respondents Indicated Plans for Investments and Expantions in the Next Six Months, According to the Ficci Quarterly Surveyy of the manufacturing sector. Government Expects Private Investments to Gather Pace and Add Strength to Overall GDP Growth, which is estimated to have slowed to 6.4% in 2024-25.
,Domestic demand conditions Show Optimism in Q3 of 2024-25. This assessment of Indian manufacturing is also reflected in the higher order books. 83% of the Respondents are expecting a higher number of orders in Q3 fy25 compared to the Previous Quarter, “According to the Survey Results.
“Challenges Facted By Respondents In Expanding Capacities include Raw Material Costs, High Interest Rates, which are creating financial pressures. Respondents. Ributing to market uncertainteies going forward, “The survey said, but added that measures unveiled in the budget may help in overcoming some of the challenges.
The latest quarterly survey on manufacturing (QSM) Assessed The Performance of Manufacturers for Q3 (OCT-DayC), 2024-25, For Eight Major Sector that Includes Automotive & Autoom ICALS, FERTILISERS & PHARMCEUTICALS, Electronics & Electricals, Machine Tools, Metal & Metal Products, Textiles, Apparels & Technical Textiles and Miscellaneous.
Responses have been drawn from manufacturing units from both large and sme segments with a combined annual turnover of over Rs 4.7 Lakh Crore.
In the third Quarter of 2024-25, More than 75% of the Respondents are expected Higher or the same level of inventory. In experts, about 65% reported Higher Exports in Q2, 2024-25 and in Q3, 2024-25, More than 70% expect their experts to be higher as compared to previous years.
About 35% of the Respondents are looking at Hiring an additional workforce in the next three months.
(Tagstotranslate) Business News (T) Manufacturing Sector Investment (T) Indian Manufacturing Challenges (T) GDP Growth 2024-25 (T) Ficci Quarterly Survey (T) ufacturing
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