The fall in manufacturing growth is indeed disturbing and against our expectations. We were hoping, if not high, some moderate growth in manufacturing in the second quarter of this fiscal which looks difficult now. Investment demand remains an area of concern as reflected in the steep decline of capital goods sector” said Mr. Harshavardhan Neotia, President, FICCI. “Weak consumer demand and investments continue to shroud the growth of manufacturing and calls for sustained efforts to address the structural issues that impact manufacturing sector”added Mr. Neotia.
Related Articles
Agartala: Reviving pre-partition connectivity with Bangladesh discussed at Northeast Connectivity Summit
October 10, 2016
Ram Vilas Paswan assures that Retail prices of pulses will fall soon !
September 8, 2016
Manufacturing growth outlook rises
September 7, 2016
Leave a Reply
You must be logged in to post a comment.