Home / Knowledge / News / FICCI concerns over slowdown in manufacturing sector
FICCI concerns over slowdown in manufacturing sector
Mar '08
Expressing concern over the continuous slowdown in the manufacturing sector, (Federation of Indian Chambers of Commerce and Industry) FICCI said that the adverse impact of high interest rate has brought down the growth of consumer durables sector which has restricted the manufacturing sector's growth. Unless strong measures are taken to make the bank credit for consumer durables more affordable the slowdown in manufacturing sector will continue, emphasised FICCI.

While the Finance Minister has given some concessions in the budget to prop up the consumer spending in the economy but the results of this measure would only be seen some time later. Even this may also not completely reverse the slowdown, pointed-out FICCI, and perhaps some monetary measures would be required to bring down the cost of credit for both the industry and the consumer.

FICCI observed that for the last two quarters of July-September and October-December 2007, manufacturing sector witnessed a slowdown and the main reason behind the slowdown is the negative growth of consumer durable sector for the period April-Jan 2007-08. The slowdown in electricity generation and the capital good sector in the month of January 2008 is also a cause for worry for the manufacturing sector.

The slowdown in power generation could constrain the growth of manufacturing sector in the coming months, FICCI said. The current slowdown would make it difficult to increase the share of manufacturing in our economy from the current 16% to 25%, observed FICCI.

Federation of Indian Chambers of Commerce and Industry

Must ReadView All

Textiles | On 25th Oct 2016

Pakistan powerloom sector on verge of closure: APCPA

The powerloom sector in Pakistan is undergoing serious crisis and is...

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search