FICCI's latest quarterly survey on Manufacturing pointed towards recovery of manufacturing sector for Q-2 (July-September 2020-21) as compared to previous quarter. The percentage of respondents reporting higher production in second quarter of 2020-21 has increased vis-a-vis the Q-1 of 2020-21. The proportion of respondents reporting higher output during July-September 2020 rose to 24%, as compared to 10% in Q-1 of 2020-21. The percentage of respondents expecting low or same production is 74% in Q-2 2020-21 which was 90% in Q-1 of 2020-21. The overall capacity utilization in manufacturing has witnessed a rise to 65% as compared to 61.5% in Q4 2019-20.
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