India's manufacturing growth to rise in Q2: FICCI

Posted By: Religare
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India's manufacturing sector is likely to witness a "slight upturn" in the second quarter on the back of government's efforts to remove bottlenecks by clearing large projects and a better export outlook, says a the Federation of Indian Chambers of Commerce and Industry (Ficci) survey.

The apex industry body in its latest quarterly survey said, "47 per cent of the 276 manufacturing units and associations that participated in it expect a slight upturn in manufacturing activity in the second quarter."

Earlier, FICCI, President, Naina Lal Kidwai had said that reviving investments and giving a thrust to the industrial sector should be government's priority at the present moment.

"A turnaround in GDP growth hinges on how the overall industrial sector performs in the months ahead. Be it fiscal policy, monetary policy or the structural reforms route, all these have to be used in tandem to lift business sentiment and create an environment where investors feel confident about their investments," she added.

Read more about: growth, manufacturing growth, ficci
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