FICCI Survey forecasts bleak outlook for manufacturing sector in 2nd quarter

By admin September 10, 2012 11:18 am IST

Growth of manufacturing sector to remain low in quarter two of 2012-13 (July-September 2012), projects FICCI’s latest Quarterly Survey. The survey noted that rupee depreciation has presumably affected the sector’s competitiveness severely over the last few months.
According to the survey, which drew responses from 418 manufacturing units and associations, around 44 per cent respondents felt that they expect growth to be higher in Q2 vis-a-vis last year as against 46 per cent respondents saying so for previous quarter (Q1). Only 36 per cent, 13 per cent and 26 per cent respondents in quarter four, three and two of 2011-12 respectively expected growth to be higher in manufacturing, as per previous surveys.

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