Mfg sector clocks uptick in new orders

Big Moves

•  Budget allocation for infra, rural sectors
•  Thrust on employment generation
•  These measures will boost economic activity, consumption
•  Most sectors not facing labour shortage
•  However, higher production costs remain major concern

New Delhi: As the Union Budget 2024-2025 gives special attention to labour-intensive manufacturing, a new survey said on Friday that manufacturing sentiments in the country have shown an improvement in the April-June quarter.

According to Ficci’s ‘Quarterly Survey on Manufacturing,’ nearly 78 per cent of respondents in the Q1 FY25 expect either higher or unchanged production levels, compared to the same period last year.

It also highlighted optimism in domestic demand conditions for Q1 as nearly 67 per cent of respondents expect a higher number of orders compared to the previous quarter.

The survey indicated that demand conditions continue to be strong and may get a further boost with the progress of the monsoons.

The budget allocation for infrastructure, the rural sector and the thrust on employment generation schemes are seen as big moves which will boost economic activity and boost consumption.