According to a survey conducted by the CII, the country's manufacturing industry is likely to continue its momentum of development in the second and third quarters of 2010-2011 (July-September, October-December). The survey covered 110 industries and many manufacturing associations participated.

According to Chandrajit Banerjee, Director of CII, “Although the policy rate of the Reserve Bank of India (RBI) has affected the industrial growth rate, it is still expected to maintain a strong growth momentum in the second and third quarter of the fiscal year.” It is worth mentioning that: In January, RBI raised the repurchase rate by 25 basis points (bps) to 5.75%, while the buyback rate increased by 50 basis points to 4.50%.

Analysts believe that the increasing domestic demand for automobiles and durable consumer goods has played a major role in promoting the development of this industry. The CII survey also showed that industry colleagues expect that the GST will be implemented as soon as possible, which will help manufacturers avoid the tax system and protect the integrity of the country’s industrial chain.

According to Richard Rekhy, consulting director of KPMG India, “The productivity and quality of India's products are continuously improving. A large number of domestic manufacturers produce a large number of products with quality that can equate to similar products outside the United States.” In addition, many festivals that will come, consumer demand will It will climb and India's manufacturing trade is expected to rise again.