30% of India Inc now functioning at high levels of capacity utilisation of 70% and above.

Close to 30% of India Inc was functioning at high levels of capacity utilisation of 70% and above with just under half expecting to operate at these levels in the near term, results from an industry survey showed on Monday. Aimed at capturing the improvements in business operations and expectations since the Unlock phase began in June, the Federation of Indian Chambers of Commerce & Industry (FICCI) survey revealed firms saw positive growth in exports, cashflows and supply chain functioning. The survey titled ‘Rebooting The Indian Economy’, conducted with Dhruva Advisors, saw participation of 100 company chiefs from across sectors. It found 22% of respondents witnessed increased exports in June while a fourth reported improvements in the number of orders since the lockdown.