INSUBCONTINENT EXCLUSIVE:
to nine months over rising capacity utilisation, according to the latest quarterly survey on Indian manufacturing sector by Federation of
Indian Chambers of Commerce and Industry (FICCI).
The survey shows 61 per cent respondents reporting higher production level in September
is significantly more than the percentage of respondents experiencing higher growth in Q2 of the last few years including pre-Covid years
(SME) with a combined annual turnover of over Rs 2.8 trillion across ten major sectors like automotive - auto components; capital goods;
cement; chemicals, fertilisers and pharmaceuticals; electronics; machine tools; metal - metal products; paper products; textiles and textile
machinery.The average capacity utilisation in manufacturing was over 70 per cent in the September quarter, reflecting sustained economic
potential with only 36 per cent of respondents looking to recruit additional workforce in the coming three months
wary about their expansion plans due to the uncertainty caused by the Russia-Ukraine war, high raw material prices and increased cost of
demand, excess capacities due to high volume of cheap imports into India, unstable market, high power tariff, shortage of skilled labor,
