Manufacturing sentiment remains upbeat in Q3 and Q4FY24: FICCI, ET Retail
Indian Manufacturing Sector: A survey by industry body FICCI indicated sustained growth in India's manufacturing sector for the last two quarters of 2023-24. Around 87% of respondents expected higher or the same production levels in the current quarter, reflecting optimism. Despite positive indicators, constraints like raw material availability, global demand uncertainty, labor shortages, market volatility, increased power costs, unutilized capacities, and high bank interest rates were highlighted.
Source: indiatimes.com