Top executives at auto, tractor and consumer packaged goods firms are optimistic. They are betting on the reverse migration of labourers boosting consumption and prediction of a favourable monsoon.
Union Minister for MSME and Road Transport and Highways Nitin Gadkari said "a package is going to be declared".
There is no sight of reform measures as well
The manufacturing sector contributes about 15 per cent in the country's economy and the government is aiming to increase it significantly
Districts will be tagged as red, green and orange zones based on severity of coronavirus cases in extended lockdown.
The services such as aviation, hotels, malls, etc. would have to wait for a much longer time
But, even if lockdown restrictions are eased, labour remains the biggest challenge for both agriculture and industry.
Govt should consider the suggestions made by DPIIT
India must grab some of the space vacated by China
It recommended the commerce department to take concerted efforts to increase the share of manufacturing sector in FDI inflows.
Coronavirus scare keeps companies spooked and business optimism low
In the midst of this long-term structural shift from China, India has dropped a few notches in the companies' preference to relocate manufacturing, while ASEAN countries have gained.
The spread of coronavirus adds to significant uncertainty
Developing more sources of supplies to guard against disruptions may emerge as the next big trend. But with what's happening in Delhi, India stands to lose out on a chance
The survey also said that there is a need to invest in ramping up India's statistical infrastructure. It also said that India has made impressive improvements in several social development indicators
But weak market conditions keep firms spooked and business optimism low
'We have seen some signs of improvement in the last few months of 2019', said T V Narendran
Targets like $5-trn GDP and 100% export growth by 2025, besides doubling of farm income and increasing the share of manufacturing in GDP to 25% by 2022, might prove a tall order, writes T N Ninan
The data released on Monday shows that the Index of Industrial Production (IIP) fell by the highest margin since October 2011
The PMI report said the cooling of manufacturing sector conditions continued in October, with both factory orders and production rising at the weakest rates.