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Indian industrial sector growth expected to continue: FICCI study

The Business Guardian

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November 14, 2023

According to the latest quarterly survey by the Federation of Indian Chambers of Commerce and Industry (FICCI), the manufacturing sector in India has experienced a notable acceleration in the second quarter of the 2023-24 financial year. This positive trend is expected to persist in the subsequent quarters, despite a global economic slowdown in developed nations.

The FICCI survey focused on the performance and sentiments of manufacturers in ten major sectors, including automotive, capital goods, chemicals, electronics, textiles, and pharmaceuticals, among others.

The assessment, covering the period from July to September 2023, gathered Indian industrial sector growth responses from over 380 manufacturing units, encompassing both large and small and medium-sized enterprises (SMEs), with a combined annual turnover exceeding Rs 4.88 lakh crores.

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