NEW DELHI: The country’s manufacturing sector is expected to post a recovery in the July-September quarter, even as the hiring outlook for the segment remains bleak, according to a survey.
The share of respondents in industry body Ficci’s latest quarterly survey on manufacturing who reported higher output during July-September rose to 24%, as compared to 10% in the previous quarter.
Besides, the share of respondents expecting low or same production is 74% in the second quarter, which was 90% in the first quarter of FY21.
However, hiring outlook for the sector, though improving slightly, shows a bleak picture as 80% respondents mentioned that they are not likely to hire additional workforce in the next three months.
The share of respondents in industry body Ficci’s latest quarterly survey on manufacturing who reported higher output during July-September rose to 24%, as compared to 10% in the previous quarter.
Besides, the share of respondents expecting low or same production is 74% in the second quarter, which was 90% in the first quarter of FY21.
However, hiring outlook for the sector, though improving slightly, shows a bleak picture as 80% respondents mentioned that they are not likely to hire additional workforce in the next three months.
