Jan 09, 2019
of the leaders from the manufacturing industry in India say the growth rate would be faster in the coming 12 months.
of the respondents say they believe that the GST system will boost growth in their respective manufacturing sector in India.
of the business leaders expect a reduction in India's imports growth.
of the respondents are confident of India's exports growth increasing in the next 5 years.
For the PwC–FICCI India Manufacturing Barometer survey, personnel from large as well as medium-scale manufacturing sector companies in India were included in order to gain a balanced viewpoint on manufacturing and the export competitiveness of the manufacturing sector in India.
Here are the key findings from the study:
What do business leaders think about the future of the economy (coming 12 months)?
What do leaders think of the growth of their respective sectors (coming 12 months)?
What do business leaders think of GST’s role in boosting investments and enabling growth?
Does the domestic market continue to drive demand?
Why does the manufacturing sector import raw material and intermediate components?
India’s imports growth: Is there a dependence on imports?
Indian exports growth: What are the key drivers?
What are the key impediments to the growth of India’s exports?
Is there a focus on components of value chain to increase competitiveness?
This survey was jointly undertaken by PwC and FICCI personnel, with the support of a survey agency, by way of face-to-face and telephonic interactions. The sample includes manufacturing sector companies in India that contribute approximately 12% to the manufacturing GDP. The various Indian manufacturing sectors that were selected to participate in the survey include automobiles and auto components, chemicals, electrical machinery, food processing, leather, pharmaceuticals and textiles.
