NEW DELHI : FICCI’s latest Quarterly Survey on Manufacturing (QSM), which is the 61st edition of the survey, reveals a sustained and continued period of growth for India’s manufacturing sector in the last two quarters of FY 2024. Compared to the previous quarter, Q3 FY 24, when 73% respondents had reported higher production levels, in the current Q4 FY 2024, around 87% respondents expect either higher or same level of production. This upbeat assessment of India’s manufacturing is also reflected in higher order books. 85% of the respondents in Q4 FY 2024 are expecting higher number of orders compared to the previous quarter. Domestic demand conditions show optimism in the current Q4 2024.
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