Growing optimism over India's prospects

A report suggests manufacturing companies in the country are now spearheading growth

Indian companies are optimistic about the prospects of the Indian economy more than the global economy. 

A staggering 63 per cent of the respondents surveyed by PwC Strategy& FICCI said they expected growth to range between 7 per cent and 8 per cent. On the other hand, 62 per cent of the respondents are uncertain about the prospects of the global economy. 

The report, The India Manufacturing Barometer, spans eight key sectors — automotive and auto components, cables and transformers, capital goods, cement, chemicals, downstream metals, packaging, and plastics and polymers.

The report suggests manufacturing companies in the country are