Uptick in mfg output in Q4: Survey
85% of respondents in Q4/FY24 expecting higher number of orders
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New Delhi: Apex business chamber FICCI’s quarterly survey on manufacturing released on Monday reveals a sustained and continued period of growth for India’s manufacturing sector in the last quarter of financial year 2023-2024.
Compared to the previous quarter, Q3 FY 24, when 73 per cent respondents had reported higher production levels, in the current Q4 FY 2024, around 87 per cent respondents expect either higher or same level of production.
This upbeat assessment of India’s manufacturing is also reflected in higher order books. Around 85 per cent of the respondents in Q4 FY 2024 are expecting a higher number of orders compared to the previous quarter. Domestic demand conditions show optimism in the current Q4 2024. FICCI’s latest survey assessed the sentiments of manufacturers for Q4 2023-24 for ten major sectors such as Automotive & Auto Components, Capital Goods & Construction Equipment, Chemicals, Fertilizers and Pharmaceuticals, Electronics & Electricals and FMCG.
