On the other hand, players operating in sectors like textiles, chemicals and capital goods may not be immediately impacted because of better ability to pass on higher costs, or because of a weaker trade cycle, Crisil said.
The government is of the view that India, with its favourable demographics, skilled workforce, and increasing economic growth, can attract significant investments and become a preferred destination for manufacturing. “The study will focus on analyzing various factors, including future trends in manufacturing, industrial capabilities, infrastructure, policy framework, and market potential, to determine the sectors that offer the most significant opportunities for India s manufacturing growth,” the Aayog said.
The operating profits have likely expanded 100-150 basis points on-year in the three months ended December 2023, giving the corporates an overall operating margin of 19-20 per cent in the first nine months of 2023-24 fiscal, as per Crisil Ratings.
India Business News: Most women who are independent in making financial decisions are either over the age of 45 or they earn more than Rs 40 lakh in a year, a study showed