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| Indian manufacturing sector may improve in Oct-Dec: Ficci | Writer | Admin | Date | 2016-12-12 15:08 | |
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India's manufacturing sector may show growth improvement in the October-December quarter with a slightly better outlook for production, driven by better export prospects, according to a report.
The proportion of respondents positive about growth rose to 63 per cent from 55 per cent in July-September, revealed Ficci's latest quarterly survey on manufacturing.
Those expecting a negative figure seem to be reducing, at just 11 per cent.
However, manufacturing growth in India got dampened in November as the demonetisation move weighed on new work flows, buying activity and production while subdued inflationary pressure may prompt RBI to loosen policy, a monthly survey released earlier showed.
The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- a gauge of manufacturing performance -- fell to 52.3, down from October's 22-month high of 54.4.
A reading above 50 points to expansion while one below signals contraction.
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