NEW DELHI: A quarterly survey by industry body FICCI portrays a better outlook for the manufacturing sector with 54 per cent of respondents reporting higher production from October to December quarter of 2018-19 compared to 47 in the same quarter of the previous year.
The percentage of respondents reporting low production was only 13.5 per cent in Q3 2018-19 as compared to 15 per cent in Q3 of 2017-18. Similarly, 70 per cent of respondents mentioned that they were not likely to hire an additional workforce in Q3 of 2017-18. This percentage has come down to 65 per cent for Q3 of 2018-19. Going forward it is expected that the hiring scenario will improve further, noted the survey.
