Ficci survey: Manufacturing sentiment is still positive in Q3, Q4, and FY24.

The manufacturing sector has identified several major obstacles going forward, including the availability of raw materials and their rising prices, uncertainty in global demand, a shortage of skilled labor, market volatility, increased power costs, underutilized capacities, and high bank interest rates. The Federation of Indian Chambers of Commerce & Industry (Ficci) released its most recent quarterly survey on manufacturing for Q4 FY24 and projected future investment outlook as steady.
According to the poll, 85% of participants in the fourth quarter of the fiscal year 2023–24 anticipate more orders than they did in the previous quarter (73%). It is anticipated that the employment situation will stay unchanged, as over 40% of participants intend to add more employees within the next three months.
According to the Ficci study, the FAME subsidy for electric vehicles should be extended for a minimum of five years until the supply chain and ecosystem have matured. "The current digital FAME process takes a long time—usually five to six months—as does the processing of FAME subsidy requests. Original equipment manufacturers (OEMs) would gain from streamlining this process, the report stated.

More than 400 manufacturing facilities from big and small and medium-sized company (SME) segments have responded to the survey, with a total yearly revenue exceeding Rs 3.4 trillion.