The survey findings come at an important moment for the economy. The latest estimates by MoSPI showed that India’s real GDP grew by 7.8 per cent in first quarter of current fiscal as compared with 6.9 per cent in same quarter of last fiscal. The survey results reinforce that the better-than-expected GDP numbers are not merely statistical in nature but a real outcome of an on-ground boost in economic activity. While manufacturing sector grew by 9.2 per cent in Q1FY27, services grew by 10 per cent from 8.3 and 8.0 per cent respectively during the corresponding period of last year.
The findings are based on the 136th Round of CII's Quarterly Business Outlook Survey, which garnered responses from over 240 companies across sectors, regions and firm sizes.