India’s factories power up as demand, output and hiring improve in Q2: FICCI survey

India's factories showed significant improvement in the second quarter of the current fiscal year, according to a survey by the Federation of Indian Chambers of Commerce and Industry (FICCI). The survey found that about 95 percent of manufacturers reported stable or higher production levels, and capacity utilization rose to approximately 75 percent, indicating effective operational efficiency. This improvement in manufacturing sentiment is a positive sign for the Indian economy, as it suggests increased expectations for production and demand.

Why it matters

India's factories are seeing increased demand and production, which could lead to more hiring and economic growth. This improvement in manufacturing sentiment could boost investor confidence and lead to increased investment in the sector.

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