Hiring and production outlook improves in manufacturing: Ficci
NEW DELHI: A quarterly survey by industry body FICCI portrays a better outlook for the manufacturing sector with 54 per cent of respondents reporting higher production from October to December quarter of 2018-19 compared to 47 in the same quarter of the previous year. The percentage of respondents reporting low production was only 13.5 per cent in Q3 2018-19 as compared to 15 per cent in Q3 of 2017-18. Similarly, 70 per cent of respondents mentioned that they were not likely to hire an additional workforce in Q3 of 201718. This percentage has come down to 65 per cent for Q3 of 2018-19. Going forward it is expected that the hiring scenario will improve further, noted the survey.