Progress momentum continued within the March quarter of 2021-22 and even in the course of the ongoing first quarter (April-June) of the present fiscal, as there appears to be an enchancment within the employment outlook, a survey performed by business physique FICCI stated.
The most recent quarterly survey on the manufacturing sector by FICCI, famous that 54.8 per cent respondents confirmed larger manufacturing ranges within the first quarter (April-June 2022-23). Additionally they anticipated a rise in manufacturing by greater than 10 per cent.
This, the survey famous, was greater than the share of respondents experiencing larger development in first quarter of final yr. Additionally, there appears to be an enchancment in employment creation by the manufacturing sector as in comparison with the earlier quarter (i.e. third quarter of 2021-22), the place solely 25 per cent of the respondents have been taking a look at hiring in subsequent few months.
This share improved considerably to 53 per cent of the respondents within the ongoing first quarter of 2022-23 who are actually taking a look at hiring extra workforce within the subsequent three months.
The FICCI survey assessed sentiments of producers concerned in 12 main sectors particularly auto, capital items, cement, chemical compounds, fertilisers and prescription drugs amongst others.