Ficci Survey

Despite high prices, more Indians want to buy a 3 BHK home: FICCI-Anarock

This is despite the fact that 55% of Indians believe their disposable income had been 'majorly' impacted by inflation

Manufacturing sentiment remains upbeat in Q3, Q4 for FY24: Ficci survey

The survey found that 85 per cent of respondents in the current fourth quarter of the financial year 2023-24 are expecting a higher number of orders compared to 73 per cent in the previous quarter

Ficci expects economy to grow at 7.5-8% this fiscal, 8% in 2024-25

Industry expects the economy to grow at 7.5 to 8 per cent in the current fiscal and 8 per cent in 2024-25 on the back of strong growth momentum, positive sentiments and rising private investments, Anish Shah, newly-elected president of the Federation Indian Chambers of Commerce and Industry (Ficci), said on Monday. There will, however, be geopolitical pressure points that may have a bearing on India's growth prospects, he added. "We have seen great growth numbers so far at 7.8 per cent, 7.6 per cent. I expect that to continue because we have got strong momentum. We are seeing multiple companies investing, adding capacities, something that Mahindra group has done as well. "We expect that growth momentum to continue at 7.5 per cent to 8 per cent in the current financial year and for next year, I would expect 8 per cent or higher," said Shah, who is also Group CEO and Managing Director of Mahindra and Mahindra, in an interview to PTI. Indian economy recorded a growth of 7.8 per cent i

Govt addressing lack of human resource supply in hospitals, says V K Paul

Paul highlights major infra push given in healthcare sector

India's economic growth expected to rise at 6.3% in FY24: Ficci survey

India's economic growth is expected at 6.3 per cent during 2023-24 on the back of good health of the financial sector and uptick in private investment even as downside risks remain, said a survey by industry body Ficci unveiled on Monday. The latest round of Ficci's Economic Outlook Survey pegs annual median gross domestic product (GDP) growth for 2023-24 at 6.3 per cent - with a minimum and maximum growth estimate of 6 per cent and 6.6 per cent, respectively, the chamber stated. The median growth forecast for agriculture and allied activities has been put at 2.7 per cent for 2023-24. This marks a moderation vis-a-vis growth of about 4 per cent reported in 2022-23. The El Nino effect has had an impact on the spatial distribution of rainfall this monsoon. Industry and services sector, on the other hand, are anticipated to grow 5.6 per cent and 7.3 per cent, respectively in current fiscal year, the survey shows. Ficci said the survey was conducted in September 2023 and drew responses

Manufacturing sentiments in India remain positive for first quarter: Ficci

Manufacturing sentiments in India remained positive during June quarter FY24 notwithstanding global headwinds, according to a Ficci survey released on Monday. The latest quarterly survey on manufacturing outlook by the industry body observed that after a revival in the Indian economy in FY22, momentum of growth has continued in the subsequent quarters as well. The survey assessed the sentiments of manufacturers for April-June (2023-24) for nine major sectors namely automotive & auto components, capital goods & construction equipment, cement, chemicals fertilizers and pharmaceuticals, electronics & white goods, machine tools, metal & metal products, textiles, apparels & technical textiles, toys & handicraft. Responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 7.70 lakh crore. In March quarter FY23, 55 per cent of the respondents reported higher production levels. Further, over 57

Covid-19 behind, M&E sector navigates the future at Ficci Frames 2022

Back after a two-year hiatus, the summit deliberated on key issues plaguing the sector

Ficci commits to adopt 100,000 patients under TB Mukt Bharat Abhiyaan

The scheme aims to bring together all community stakeholders to accelerate the country's progress towards TB elimination

Companies call for demand creation and income tax relief in Budget

Only 28 per cent in Ficci survey are for fiscal consolidation

Businesses continue to see improvement in performance: FICCI survey

The opening up of economy and implementation of a broad set of measures under 'Atmanirbhar Bharat' package have led to a continuous improvement, the survey said

Only 10% manufacturing units report higher output in Apr-Jun: Ficci Survey

The proportion of manufacturing units reporting an increase in output dropped to 10 per cent during April-June 2020 from 15 per cent in the previous quarter, according to a quarterly poll by industry body Ficci. The survey, which drew responses from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 2.5 lakh crore, revealed that the automotive sector is the worst hit in terms of ongoing operations in the factories as per the demand and current orders post easing out of lockdown restrictions. Other sectors where operations remain abysmally low are leather and footwear, electronics and electricals & textiles machinery. Moreover, the percentage of respondents expecting low or same production is 90 per cent in April-June 2020-21 which was 85 per cent in the last quarter of 2019-20. Hiring outlook for the manufacturing sector shows a bleak picture as 85 per cent of the respondents mentioned that they are not likely to hire ...

Covid-19 impact: Mass lay-offs, cost-cutting among start-ups, says survey

Start-ups are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020

Firms await stimulus, warn of layoffs: Ficci survey on coronavirus impact

The Covid-19 crisis has already caused an unprecedented collapse in economic activities over the last few weeks, says survey

India to grow by 6.5 pc in Q4 , says FICCI, CSO to release data on Friday

Ficci said survey has put forth an annual median GDP growth forecast for 2019-20 at 7.1 per cent and the projection for fiscal 2020-21 has been put at 7.2 per cent

Indian firms see rebound in EU business prospects: Ficci Survey

There has been a marked rise in number of companies who have successfully been able to reduce their losses while doing business in the region

Ficci, EY urge govt to remove roadblocks to PPP model in India

The joint study recommended increasing private sector investments into the transport sector

73% manufacturers say no fresh hires for next three months: Ficci Survey

India Inc. remains averse to hiring in the near term as doubts over manufacturing sector revival continues, shows a survey by the Federation of Indian Chambers of Commerce and Industry (Ficci). Released on Monday, the quarterly survey on manufacturing showed that a staggering 73 per cent of respondents said they are unlikely to hire additional workforce over the next three months. This was mildly lower than the 77 per cent of respondents earlier.Slow hiring may put more pressure on the job market even as another recent study had shown that the government's demonetization exercise had wiped away roughly 1.5 million jobs. Earlier in the month, new survey data put out by the Centre for Monitoring Indian Economy (CMIE) showed that while India's employed force grew from 401 million in April 2016 to 406.5 million in December 2016, it fell to 405 million in the four-month survey period of January through April 2017.The Ficci survey comes at a time when less than half of all respondents ...

Demand rising, credit a concern: India Inc

Overall business confidence index is at 6-quarter high: Ficci survey

Inverted customs duty impacts manufacturing sector: Ficci Survey

Lower import duty on finished products rather than on the raw material is impacting key manufacturing sectors