Mumbai, Oct. 9 -- FICCI's latest Quarterly Survey on Manufacturing indicates a sustained growth and increasing optimism for India's manufacturing sector. In comparison to Q1 FY 2025-26, when 77% of respondents reported higher or same production levels, approximately 87% of respondents reported either higher or same production levels in Q2 FY 2025-26, noted the FICCI Survey. This is one of the highest percentages witnessed in the last many quarters. This optimism is also evident in domestic demand, as 83% of respondents anticipate an increase in orders in Q2 FY 2026 compared to the previous quarter and more so after the latest GST rate cuts announced.

FICCI's latest Quarterly Survey on Manufacturing (QSM), which is the 67th edition of the...