FICCI survey witness Low manufacturing capacity utilization

According to the Federation of Indian Chambers of Commerce and industry survey, the manufacturing sector is continued to witness Low capacity utilization capacity in the unlock phase. Capacity utilization had already dropped to 61.5% in the fourth quarter of the last fiscal, the survey said, in comparison to the 76% reported during the quarter ending December 2019. The quarterly survey of the manufacturing sector found the average rate of operations between 28-63%, with the auto industry showing the worst performance and medical devices sector being the least impacted. From electronics to textiles, industry-wise quarterly trends showed capacity utilization during Q1this fiscal dropped across the manufacturing sector over the final quarter of FY20, except for medical devices and metals.