Manufacturers hopeful of faster growth rate in 2019 : PwC Report

A significant 85% of business leaders also anticipate an increase in turnover from global demand in the future

About 74 per cent of manufacturers are hopeful of a faster growth rate in their respective sectors over the next 12 months, according to a survey of manufacturers by global consulting giant PwC and industry body Federation of Indian Chambers of Commerce & Industry (Ficci).

The India Manufacturing Barometer 2019: Building Export Competitiveness surveyed companies that contribute approximately 12 per cent to the manufacturing GDP of the country, across automobile, electrical machinery, chemicals and textiles sectors, among others.

While the severe lack of working capital continues to be a pain point for micro, small and medium enterprises, the PwC report