FICCI survey reveals sector overcoming global slowdown challenges
14 November 2023, Mumbai
Indian manufacturing rebounds in Q2 FY24, defying global slowdown
A FICCI survey of over 380 manufacturing units with a combined turnover of Rs 4.88 lakh crores reveals the sector's resilience in the face of global economic headwinds.
Average capacity utilization rose from 73% to 74% in Q2, indicating sustained growth momentum. Large and small-medium enterprises (SMEs) across various manufacturing segments contributed to this positive trend.
