Higher Q3 manufacturing production likely to boost hiring: Ficci

Higher production and a better growth outlook have instilled confidence in manufacturers in the October-December quarter of 2018-19 for ramping up hiring, according to a survey of the Federation of Indian Chambers of Commerce & Industry (Ficci). 

The latest quarterly survey on manufacturing portrays a better outlook for the sector in Q3. The proportion of respondents reporting higher output growth in the quarter was 54 per cent, higher than the 47 per cent respondents in the same quarter of the preceding fiscal year. 

On the other hand, the percentage of respondents reporting low production dropped marginally to 13.5 per cent, as compared