FICCI survey finds India's manufacturing lost momentum in Q1 FY27

Indian manufacturers report export gains

On the bright side, export sentiment actually improved: 74% saw stable or higher exports compared to just 61% last time.
Still, most manufacturers are feeling the pinch from pricier raw materials and energy: 79% said their costs went up.
Capacity use stayed flat at 72%, but fewer companies plan to hire soon (just 35%, down from 41%), as challenges like supply chain issues and labor shortages continue to weigh on growth.