• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

India Inc expects over 50% capacity utilisation in H2FY20: CII

Juliet Woodard by Juliet Woodard
October 4, 2020
Home Business
Share on FacebookShare on Twitter

On exports, 40% expect better prospects and 24% expect no change, it added.

The Indian industry expects a steady recovery in the domestic economy driven by estimates of more than 50% capacity utilisation in the second half of this financial year — the first time since the start of the pandemic, according to the Confederation of Indian Industry.The industry body added that the CEOs of top 115 companies, who met at CII”s National Council earlier this week, indicated revival of business sentiment and a gradual rise in expected corporate performance.The CEOs, who took part in the poll, represented various sectors such as metals, mining, manufacturing, auto, pharma, health, energy, infrastructure, construction, ITeS, health, hospitality, tourism and e-commerce.Asked about consumer demand, 31% of the CEOs expected revenue growth to be positive in the second half of the current financial year compared to last year. Meanwhile, 32% said they were hopeful of better prospects and 27% said they expect no change when compared to the second half of last year.On exports, 40% expect better prospects and 24% expect no change, it added“While in most cases, the performance – revenue or capacity utilisation – is estimated to be lower than the comparative figures in 2019-20, a large percentage of the CEOs polled have shown confidence in the days ahead indicating that the worst may be behind,” the industry body said.CII in a statement said the Centre and State both will need to focus on livelihoods in addition to lives. Hence, efforts need to be made to stall the practice of sudden and adhoc lockdowns announced by States as well as districts. These not only further disrupt the revival of economic activities but also do not yield the desired results on lives either.

Juliet Woodard

Juliet Woodard

Next Post
Mi 10T, Mi 10T Pro Complete Specifications, Renders Leaked Ahead of Launch

Mi 10T, Mi 10T Pro Complete Specifications, Renders Leaked Ahead of Launch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

TikTok Removes 380,000 Videos in US for Violating Hate Speech Policy

TikTok Sale: Algorithm Question Said to Complicate Deal

September 2, 2020
Current account surplus widens to $19.8 billion in Q1

Current account surplus widens to $19.8 billion in Q1

September 30, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Facebook Bars Deceptive Campaign From Pro-Trump Group

Facebook Bars Deceptive Campaign From Pro-Trump Group

October 10, 2020
Nirmala Sitharaman press meet live | Centre announces Atmanirbhar Bharat Rozgar Yojana for formal sector

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

November 12, 2020
Call of the mall – The Hindu

Call of the mall – The Hindu

October 16, 2020
Missing Middle Housing Is A Huge Opportunity Offering Resilient Investment And High Demand

Missing Middle Housing Is A Huge Opportunity Offering Resilient Investment And High Demand

February 17, 2021

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Women Building Careers In Construction

Women Building Careers In Construction

March 9, 2021
20 Ways To Celebrate International Women’s Day With Residential Wellness Design Gifts

20 Ways To Celebrate International Women’s Day With Residential Wellness Design Gifts

March 8, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.