New Delhi, Nov 7 (KNN) According to an assessment by latest FICCI Quarterly Survey on Manufacturing, the growth momentum picked up by the sector in the last few months is likely to be sustained for the next six to nine months.

It reveals that after experiencing revival of Indian economy in the FY 2021-22, momentum of growth continued in subsequent quarters of Q1 (April-June 2022-23) and Q-2 July-Sept (2022-23) with over 61% respondents reported higher production levels in Q-2 (July-Sept 2022-23).

This is significantly more than the percentage of respondents experiencing higher growth in Q-2 of last few years including pre-covid years too.

This assessment is also reflective in order books as 54% of the respondents in Q-2 (July-Sept 2022-23) had higher number of orders.  

FICCI’s latest quarterly survey assessed the sentiments of manufacturers for Q-2 July-September (2022-23) for ten major sectors namely Automotive & Auto Components, Capital Goods, Cement, Chemicals Fertilizers and Pharmaceuticals, Electronics, Machine Tools, Metal & Metal Products, Paper Products, Textiles, Textile Machinery and Miscellaneous.

Responses have been drawn from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over 2.8 lakh crore.  (KNN Bureau)