According to a survey in ‘The India Manufacturing Barometer 2019’ by FICCI and PwC, India’s economy is expected to grow between 7.3 -7.7%, aligned with the views of World Bank, Asian Development Bank, and IMF.

The sample for survey includes cos. that contribute approx. 12% to manufacturing GDP, including sectors like automobiles, pharmaceuticals, textiles, etc.

They project faster growth driven by expanding domestic market, technology, and increased spending.

Key factors driving this confidence include strong public sector driven infrastructure development, easing out of business and regulatory processes, and opening up of FDI in several sectors, including simplification of FDI rules for large investments.

As per Central Statistics Office (CSO), Indian economy is expected to grow at 7.2% in 18-19 against 6.7% in 17-18 mainly due to improvement in performance of agriculture and manufacturing sectors.

For more: http://ficci.in/spdocument/23059/15761_MB-2019_v5_Online.pdf