India's Manufacturing Poised to Witness Recovery in July-September Quarter, Says FICCI's Survey
4 years, 1 month ago

India's Manufacturing Poised to Witness Recovery in July-September Quarter, Says FICCI's Survey

News 18  

India’s manufacturing sector is poised to witness recovery in the July-September quarter, even as hiring outlook for the segment remains bleak, according to a survey. The proportion of respondents reporting higher output during July-September rose to 24 per cent, as compared to 10 per cent in the previous quarter. However, hiring outlook for the sector, though improving slightly, shows a bleak picture as 80 per cent of the respondents mentioned that they are not likely to hire additional workforce in the next three months. “This presents slightly improved situation in the hiring scenario as compared to the previous quarter Q-1 of 2020-21, where 85 per cent of the respondents were not in favour of hiring additional workforce,” FICCI said. The future investment outlook, however, is subdued as only 18 per cent respondents reported plans for capacity additions for the next six months as compared to 22 per cent in the previous quarter, the survey revealed.

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History of this topic

India's manufacturing activity grew at its weakest pace in 2024
1 week, 5 days ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

India’s manufacturing sector showed robust job creation, December PMI at 56.4
1 week, 6 days ago

India’s manufacturing sector showed robust job creation, December PMI at 56.4

Live Mint  

New Delhi, January 2 : India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index. India's manufacturing sector ended 2024 on a softer note as the PMI for December fell to 56.4, marking the …

Time is running out to revive India’s manufacturing sector
2 weeks, 6 days ago

Time is running out to revive India’s manufacturing sector

Live Mint  

Among these was weak manufacturing, which grew only 2.2%. While the debate on whether this is cyclical or structural is likely to continue, there is certainly a cause for worry as far as the manufacturing sector is concerned. From 2017-18 to 2022-23, enterprises in the organized manufacturing sector increased at 1.3% annually. The number of workers in the organized factory …

Building on the revival of the manufacturing sector
1 month, 1 week ago

Building on the revival of the manufacturing sector

The Hindu  

India’s journey to becoming a global manufacturing hub has gained momentum with the government’s strategic policy initiatives, particularly the Production Linked Incentive scheme. The results of the ASI 2022-23 show a healthy double-digit expansion in the growth rate of manufacturing sector output — at 21.5% — despite a high base of 2021-22 which saw a sharp rebound as the economy …

Service firms on recovery path, manufacturing still a concern - The Hindu
1 year, 10 months ago

Service firms on recovery path, manufacturing still a concern - The Hindu

The Hindu  

The share of urban consumers who were pessimistic about the Indian economy continued to decline in January 2023 though more than half of them said the situation has worsened compared to a year ago. Chart 1A shows the responses from a Reserve Bank of India survey conducted across 19 major cities between January 2 and 11. Chart 2 shows the …

Industrial output growth moderates to 4.3% in December 2022
1 year, 11 months ago

Industrial output growth moderates to 4.3% in December 2022

The Hindu  

India’s industrial output growth moderated to 4.3% in December 2022 from 7.3% in November, despite mining and electricity production rising at around 10% for the second successive month as manufacturing growth faltered from 6.1% in November to just 2.6%. On the basis of end-use, four of six sub-sectors — primary goods, capital goods, infrastructure and construction goods, and consumer non-durables …

Indian manufacturing ends 2022 on a high: PMI data
2 years ago

Indian manufacturing ends 2022 on a high: PMI data

The Hindu  

India’s manufacturing sector recorded its sharpest uptick in output in 13 months in December 2022, with new orders rising at the fastest pace since February 2021 even though selling prices surged more than input costs for the first time in two and a half years, as per the S&P Global India Manufacturing Purchasing Managers’ Index. With overall demand strong and …

Industrial output grows 3.1% in September
2 years, 2 months ago

Industrial output grows 3.1% in September

The Hindu  

India’s industrial output grew 3.1% in September, rebounding from a contraction in the previous month, helped by a double-digit rise in electricity generation even as manufacturing output growth remained weak at 1.8%. Mining output rose 4.6% in September after a nearly 4% dip in August, as per quick estimates of the Index of Industrial Production released by the Statistics Ministry. …

India's manufacturing activities remain strong in October: survey
2 years, 2 months ago

India's manufacturing activities remain strong in October: survey

The Hindu  

Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on November 1. “The Indian manufacturing industry again showed signs of resilience in October, with factory orders and production rising strongly despite losing growth momentum,” Pollyanna De Lima, economics …

India’s industrial production grows 2.4% in July
2 years, 4 months ago

India’s industrial production grows 2.4% in July

The Hindu  

India’s industrial output grew by just 2.4% in July from 12.7% in June, with output levels dropping 2.75% month-on-month as per the Index of Industrial Production. The intermediate goods segment was the only one to clock growth from July 2021 as well as June 2022 output levels — rising 3.6% and 1.6%, respectively. Production growth in the consumer durables sector, …

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report
3 years, 1 month ago

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report

India Today  

India's economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered after pandemic-related mobility restrictions were eased, a Reuters poll of economists found. Relative control over new infections, and a large increase in vaccination helped improve services activity," wrote Rahul Bajoria, chief India economist at Barclays. "It is a rough road ahead for the economic recovery, …

India’s industrial output grew by 11.5% in July
3 years, 4 months ago

India’s industrial output grew by 11.5% in July

The Hindu  

India’s industrial output grew by 11.5% in July compared to a 10.5% contraction a year ago, as per quick estimates from the National Statistical Office released on Friday. ICRA Chief Economist Aditi Nayar said the contraction in the category for the second month in a row struck a ‘discordant’ note, even as July’s manufacturing index was nearly as high as …

IHS Markit's survey says India's manufacturing sector registered the strongest growth in July in the last three months
3 years, 5 months ago

IHS Markit's survey says India's manufacturing sector registered the strongest growth in July in the last three months

Op India  

As per the IHS’s recently released monthly Survey, India’s manufacturing sector witnessed the strongest growth in the manufacturing sector in July in the last three months. Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index rose from 48.1 in June to 55.3 in July. Pollyanna De Lima, Economics Associate Director at IHS Markit said, …

India's economy shows signs of recovery as factory activity rises in July
3 years, 5 months ago

India's economy shows signs of recovery as factory activity rises in July

India Today  

India’s economy has shown signs of recovery in July as factory activity rebounded on the back of rising domestic and international demand. IHS Market’s survey confirmed that output rose at a robust pace, with over one-third of companies noting a monthly expansion in production as business rebound and Covid restriction ease. Read | Factory activity shrinks for first time in …

India Inc's Business Confidence Highest in Decade: FICCI Survey
3 years, 10 months ago

India Inc's Business Confidence Highest in Decade: FICCI Survey

News 18  

FICCI’s Overall Business Confidence Index has witnessed a decadal high of74.2 in the current round on account of improvement in present conditions as well as expectations, the industry body said on Sunday. Improvement in conditions as well as expectations have pulled the Overall Business Confidence Index value to a decadal high in the current survey, FICCI said. The percentage of …

India's manufacturing sector activity strengthens in January
3 years, 11 months ago

India's manufacturing sector activity strengthens in January

The Hindu  

India's manufacturing sector activity strengthened in January as companies scaled up production at the quickest pace in three months in response to faster expansions in total sales and new export orders, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index rose from 56.4 in December to 57.7 in January, to signal the strongest …

India's Manufacturing Sector Activity Strengthens in December, Says Survey
4 years ago

India's Manufacturing Sector Activity Strengthens in December, Says Survey

News 18  

India’s manufacturing sector activity strengthened in December, with manufacturers stepping up production and input buying amid efforts to rebuild their inventories following business closures earlier in the year, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index was at 56.4 in December, a tick higher than November’s reading of 56.3 and above the …

Manufacturing Recovery Looking Robust, Reflects Reforms by Centre: CEA KV Subramanian
4 years, 1 month ago

Manufacturing Recovery Looking Robust, Reflects Reforms by Centre: CEA KV Subramanian

News 18  

In an exclusive interview with CNCBC TV18, Chief Economic Adviser to the Indian government KV Subramanian said that economic indices are making a v-shaped recovery. Responding to question on how strong is the recovery and what are the downside risks, Subramanian said, “The downside risk is two-fold, one is how the pandemic spreads in the winter month. On manufacturing recovery, …

India's Manufacturing PMI Slips to Three-month Low in November
4 years, 1 month ago

India's Manufacturing PMI Slips to Three-month Low in November

News 18  

India’s manufacturing sector activity lost momentum and fell to a three-month low in November amid slower increases in factory orders, exports and buying levels, a monthly survey said on Tuesday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index fell from 58.9 in October to a three-month low of 56.3 in November, indicating that the manufacturing sector growth remained …

Slower GDP Contraction for India in Q2, But Economic Pain will Linger on for Several Quarters
4 years, 1 month ago

Slower GDP Contraction for India in Q2, But Economic Pain will Linger on for Several Quarters

News 18  

The Indian economy continues to contract although the pace of contraction has slowed. Three, the GDP data for the June and September quarters this year are based only on initial estimates based on economic activity in primarily the organised sector. And four, the first six months of the ongoing fiscal year still show double digit economic contraction, pushing India into …

India Inc expects over 7% growth in next 12 months on the back of policy initiatives taken by govt: Survey
6 years ago

India Inc expects over 7% growth in next 12 months on the back of policy initiatives taken by govt: Survey

Firstpost  

India Inc is upbeat about the future of the economy as growth is to be driven by strong domestic demand and an increased focus on export markets New Delhi: India Inc expects over seven percent growth in the next 12 months on the back of a number of policy initiatives taken by the government, said a PwC-Ficci survey. India Inc …

India's manufacturing sector to record robust growth in Q2: Report
6 years, 3 months ago

India's manufacturing sector to record robust growth in Q2: Report

India TV News  

India's manufacturing sector output is expected to register robust growth in the July-September quarter on account of higher production even as the hiring outlook for the sector remains subdued, a survey said Thursday. A total of 61 per cent respondents said output will grow during July-September 2018 quarter from 49 per cent in April-June 2018, the survey said. This is …

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