Survey shows sustained growth and higher optimism for India’s manufacturing sector
FICCI’s latest Quarterly Survey on Manufacturing (QSM) indicates sustained growth and higher optimism for India’s manufacturing sector for Q3 2025. In comparison to Q3 FY 2024, when 73% of respondents reported higher production levels, approximately 83% of respondents reported either higher or same production levels in Q3 FY 2025. This was the second highest index in the last few months, indicating continued growth path for the sector in the months to come, noted the survey. In addition, the investment outlook for manufacturing also looks stable with 42% of respondents indicating plans for investments and expansions in the next six months, which is same as in the last survey.
Domestic demand conditions show optimism in Q3 2024-25; however, going forward, demand could be an issue. This assessment of Indian manufacturing is also reflected in the higher order books. 83% of the respondents are expecting a higher number of orders in Q3 FY 25 compared to the previous quarter.
In exports, about 65% respondents reported higher exports in Q2 FY 2024-25. In Q3 2024-25, more than 70% of the respondents expect their exports to be higher as compared to the previous year’s similar quarters.
FICCI’s latest Quarterly Survey on Manufacturing (QSM), which is the 64th edition of the survey, assessed the performance of manufacturers for Q3 Oct.-Dec. 2024-25 for eight major sectors, namely, Automotive & Auto Components, Capital Goods, Chemicals, Fertilizers & Pharmaceuticals, Electronics & Electricals, Machine Tools, Metal & Metal Products, Textiles, Apparels & Technical Textiles, and Miscellaneous. Responses were drawn from manufacturing units from both large and SME segments with a combined annual turnover of over Rs 4.7 lakh crore, as per a release.
source: Exim News Service: New Delhi, Feb. 12