FICCI foresees bleak future for manufacturing sector [Jan 2012]

By admin January 11, 2012 10:42 am IST

Moderation in consumer demand, rise in raw material prices and weakening of the export market are worsening growth in manufacturing sector which is expected to further slow down during the third quarter of the current fiscal.
According to FICCI’s Survey, which drew responses from 384 manufacturing units, an overwhelming 87 per cent of total respondents said that they expect growth to moderate in their sector in Q-3 of 2011-12 as compared to Q-3 of the prior year. In the previous survey, over 74 per cent respondents expected growth to moderate, but in the latest survey 87 per cent respondents expect growth to moderate in Q-3.

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