The economic survey presented by Finance Nirmara Citaraman on Friday emphasized important factors. Global manufacturing deceleration. Not only in India, but also in other major economies, we faced the headwind with this sector between 2024-2025. However, the service department remained buoyancy. The manufacturing industry has steadily recovered, but slightly below the prior brain surgery.
“The remarkable trend was a deceleration of global manufacturing in Europe and Asia, especially in Europe and Asia, because of the weakness and external demand of supply chains,” said a survey.
Some of the important issues in the manufacturing industry are:
The manufacturing department faced pressure due to low global demand and domestic seasonal conditions. The export of the manufacturing industry has declined significantly due to low demand from the purpose, and for aggressive trade and industrial policy of major trading countries.
Monspes above average have a variety of impacts on the sector. We replenished the reservoirs to support agriculture, but sectors such as mining, construction, and some manufacturing were confused. Due to the fluctuations of the festival between the past and the current year, the timing of the festival, the low -growth deceleration of Q2FY25 has occurred.
Disassembled data has revealed that many manufacturing subsector has experienced growth but other people have faced the task. The petroleum company struggled due to inventory loss and a decrease in refined margin, but the iron industry faced price pressure and global prices.
The cement sector faced weak demand in the second quarter due to heavy rain and decline in selling prices. However, due to the end of the monsoon season and the expected pickups of the government’s capital spending, sectors such as cement, iron, and steel are expected to recover. In addition, mining and electricity are expected to normalize after monster -related confusion.
According to industrial outlooks at India Reserve Bank (RBI), the manufacturing company has reported to improve demand conditions for the third quarter and expect further improvements of the 4th FY25 and the first quarter FY26. This survey also reflects the improvement of expectations for the fourth fy25 and the first quarter production, ordering, employment, ability, and the entire business environment.
“In 2024, the world’s manufacturing PMI began to be powerful, has shifted to expansion for the first time since the mid -2023, and was until the first half of this year. By July 2024, PMI returned to shrinkage due to weaker conditions. After gradually decreasing in four months, the global manufacturing industry stabilized in November with 50.0 index values, indicating that there was no overall change in operation conditions. “
The global manufacturing prospects were suppressed in December, and business emotions were immersed in a three -month low.
